How can that happen?
Since the introduction of the superannuation guarantee in Australia in 1997, employers have been required to make compulsory contributions to superannuation on behalf of most of their employees. Since then, as people have changed their names, addresses and jobs there has been a growing amount of lost superannuation funds in Australia.
Lost superannuation funds in Australia – do you have any?
Whilst fund managers do their best to keep in touch with superannuation account holders; once your account stops being active and contact with you as the account holder is not maintained; the fund is required to report this to the Australian Tax Office. These details added to the lost member register.
Lost Superannuation Funds in Australia – how do I find mine?
Lost superannuation funds in Australia can easily be found by using the Super Seeker tool provided by the ATO which uses the information on the LMR reconnect lost superannuation funds in Australia with its rightful owners. Simply by providing a few basic details of you tax file number, date of birth and name you too can be reunified with any lost superannuation which are rightfully yours.
Lost superannuation funds in Australia – keep an eye on your retirement funds.
Your superannuation is your savings for retirement. It’s critical that you have a clear picture of how much is being contributed, where it’s going, what super accounts you have and that most importantly of all you aren’t one of those people with lost superannuation funds in Australia.