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

Caring For Your Family with Super

Knowing your superannuation can occasionally feel harder than it is worth, mainly if you are just beginning your career, you have low earnings, or the duty of contributing for your superannuation falls to you.

Even though retirement look as if a lifetime away, it is worth to take the time to build your superannuation right for the people who depend on you if something happened to you. If you are a part- or full -time parent, dealing kids alone or with your partner, leaving your legacy to people who may need it the most is up to you.

Make certain your superannuation fund has your chosen beneficiaries on record. Check the insurance level you could automatically have and think about your choices if you do not have enough insurance. Taking out insurance with your superannuation can be an easy way to cover the future of your family.

Superannuation for Children

Children employed in the entertainment business are entitled to earn superannuation and because of the essence of this kind of employment, the accounts of those children could become eroded eventually due to payments and insurance premiums, where applicable. In some cases, these accounts' balance could be withdrawn.

Can my child's superannuation be withdrawn?

Yes, if the employment of your child has terminated and the balance available is below $200. The account is going to be closed as soon as the withdrawal is completed. Bear in mind that the exit fee is going to be deducted.

How to claim

Making a withdrawal in aid of your child entails completing the "benefits payment" form and return it together with the further documentation as explain below: the child's certified birth certificate should be provided in all instances, and the parent or guardian's confirmed identification as specified on the form, as well as identification which verifies the relationship and connection to the child.

Child members under 18 years old can personally make a withdrawal by filling out the Benefit payment form and giving it back together with the necessary documents for proof of identity as stated on the form.

If you want to know more about these super benefits, call www.australiansuperfinder.com.au at 1300 252 167

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