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

Find Lost Super Do you have lost superannuation waiting to be found?

Being aware of how to locate lost superannuation accounts and then combine numerous accounts into one super account is surely worth your time. Through consolidating your various accounts, you will be putting more cash in your wallet once you retire.

Multiple Superannuation Accounts Are Typical

So how do loads of taxpayers wind up with lost superannuation? Employers have their chosen super fund. If a new worker starts and does not nominate their super fund, then the employer will possibly set up a super account with their chosen fund. Then, several years later, the employee commences a new job; the process above starts all over again. Soon enough, in 10 years you could have 4 or 5 or even more super accounts.

Why Is It Vital To Locate Lost Superannuation?

To put more cash in your wallet once you retire! Take time to find lost superannuation and save yourself an enormous amount of money at some point.

Each super provider will demand an administration payment, a percentage or fee to manage your cash. The more superannuation funds you have, the more payments you are disbursing and the less cash you will have once you retire.

Lost Super Search

If your super fund hasn't been able to get in touch with you and has not acquired any regular contributions or payments over the past five years, then they'll report or regard you as lost member.

How to combine your multiple super or lost super accounts
Option 1: Allow your preferred provider to deal with the transfer
With a signed approval, your chosen super provider can get in touch with any other super account that you have cash with and request them to move it to your selected account.

Before you transfer funds:
Before you choose to move your lost superannuation, we suggest seeking the counsel of an experienced financial planner to aid you to determine:
• If any exit or termination payments apply on the super account, you are moving from.
• Whether or not you have any current insurance in the account, you are closing.
• That your present employer can contribute/pay to your chosen fund.

Your super is vital to you it could be the only cash you retire with, thus getting it planned, correctly invested and well-managed ought to be an importance.

Spending time to locate lost superannuation or consolidate numerous super accounts could take you some time now, but soon in the future, you will see the benefits, plus more money will be given to you once you retire.

Still need assistance to locate lost super? Contact us @ www.australiansuperfinder.com.au

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