How can I Find Lost or Unclaimed Superannuation - PowerPoint PPT Presentation

About This Presentation
Title:

How can I Find Lost or Unclaimed Superannuation

Description:

Based on the Australian Taxation Office (ATO), a lot more than 6.3 million individuals, or 45% of the workforce, don't know that they hold several super accounts. Learn here how you can find lost super accounts. – PowerPoint PPT presentation

Number of Views:25
Slides: 7
Provided by: findyoursuper
Category: Other

less

Transcript and Presenter's Notes

Title: How can I Find Lost or Unclaimed Superannuation


1
How can I Find Lost or Even Unclaimed
Superannuation
  • Based on the Australian Taxation Office (ATO), a
    lot more than 6.3 million individuals, or 45 of
    the workforce, don't know that they hold several
    super accounts.

2
What's lost super?
  • If youve had several jobs, it's possible you've
    multiple super account. In case your account has
    been sitting idle with and also the fund has lost
    connection with you, it's regarded as lost
    super, and you wouldn't be alone. Actually,
    almost 2.3 million Australians have 3 or more
    super funds.
  • If the super fund holding a small account
    activities lack of exercise for more than Twelve
    months, they legally should transfer the balance
    straight to the ATO which is regarded as
    unclaimed super. Unclaimed super continues to
    be regarded as owned by an original contributor,
    however, and its simpler than you think to check
    as well as claim it.

3
How can I find lost or even unclaimed
superannuation? How to find my super?
  • You can usually find your lost or unclaimed
    superannuation and also consolidate it in 5
    steps
  • Create a myGov account (https//my.gov.au/).
  • Give your details, including name, birth date and
    tax file number.
  • Link your own myGov account to ATO online
    services to see all of your super details.
  • Call the Australian Taxation Office (ATO) on 13
    28 65 in case you have additional questions.
  • Consolidate your own super into one most
    important super account.

4
The Reason Why I consolidate my super?
  • Overlooked super is money - your hard earned
    money - that's being hit through administration
    fees and perhaps life insurance monthly premiums.
    Several unclaimed super accounts suggest multiple
    annual fees being deducted through the principal.
    The waste is amplified when considering that
    monthly insurance costs could also continue to be
    deducted till idle accounts run out of cash or
    are closed.

5
So how exactly does super go astray?
  • The average Australian should have around 17 jobs
    in the lifetime. Considering it isn't unusual for
    individuals to open a brand new super account
    once they start a job, thats possibly five
    various superannuation accounts.
  • People may also have super accounts that they
    have lost track of, for instance, they might not
    need updated their contact information with their
    funds once they moved house, altered their name
    or even lost correspondence using their super
    fund - there's still 5.8 billion price of
    superannuation within this category.
  • Australian Super Finder offers free super search.
    Visit their website to find your lost or
    unclaimed superannuation.

6
Thanks For Reading
  • Australian Super Finderinfo_at_australiansuperfinde
    r.com.au
  • https//australiansuperfinder.com.au/
  • 1300 252 167
  • 14/2 Enterprise Drive, Bundoora, Vic, 3083
Write a Comment
User Comments (0)
About PowerShow.com