Super can be lost if your fund has been unable to contact you, or if you haven’t added any contributions or rollovers within five years.
Reuniting Australians with their super – a new law to protect your superannuation savings started from 1 July 2019.
Putting together a financial plan will help you prepare for the future.
Under the law, super funds will cancel insurance on inactive super accounts that haven’t received contributions for at least 16 months.
Consolidating your super means moving all your super into one account. It makes your super easier to manage, and saves on fees.
Super providers are required to pay inactive low-balance accounts to the ATO. We will also be able to proactively reunite unclaimed super.