I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

What to Check on a Super Statement

Regardless of how you receive your statement--- post, online, or email--- do not delete or ignore it. Check the details below to find out if you have to make some changes:

• Personal information - Make certain your contact information and address are right, so your cash does not result in lost super.
• Balances - Does the balance appear to the right, considering your employer contributions, starting balance, fees and investment returns? If something does not look right, get in touch with your superannuation fund and request them to give details.
• Employer's contributions - Make certain you got all the contributions of your employer. Employers only need to transfer contributions four times a year; though, they may decide to pay superannuation more often.
• Personal payments - If you have made personal payments, either via a payroll deduction or directly, make certain your fund has collected them. If you're worried about unpaid superannuation contributions, check out the ATO's info on unpaid super.
• Fees - Do the fees seem rational? Did you expect these fees? And should you not be contented with the fees you are paying, think about shifting to another super fund.
• Insurance - Insurance isn't a fee, it's a premium meant for personal cover. Insurance through superannuation could be a lucrative way of ensuring you and your loved ones will be financially alright if something went wrong. Make certain you have the insurance you like but aren't paying for things you do not need.
• Tax - Salary sacrifice and employer contributions have a 15% tax. Investment returns have a maximum of 15% tax. If you're contributing a higher tax rate than this, your superannuation fund may perhaps not have your TFN. Check with the fund and provide them with any information they need.
• Investments - This is an excellent time to check your investment choices and make certain they're still right for you. Most super funds let you split your cash across over one investment option. Call your fund if you require help in selecting the right choices for you.

Donít Hesitate to Call Your Super Fund if Things Go Wrong

If you do not comprehend the statement or believe there is a mistake, call your fund and demand a clear clarification. Store all your super statements in a secure area, so you can monitor your superannuation and have the contact details of your fund within reach if you badly need them.

Feel free to seek professional advice if things become too complicated for you. You can call the experts at Australian Super finder at 1300 252 167 for assistance.

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