How To Find Lost Superannuation Australia

1
How To Find Lost Superannuation Australia

• If youre thinking just how many Australians have
  missing super, 2017 statistics reveal theres
  almost 18 billion valuation on super waiting to
  become claimed through Aussies right over the
  country.With around 40 of individuals holding
  several super accounts, its worth knowing more
  to do with, what is, your lost or unclaimed super.

2
How can super go missing?

• People frequently forget super once they change
  jobs, because they may opt to use their employer
  to place contributions right into a new fund and
  forget to continue the things they accumulated
  inside a previous one. This is where super
  accounts can begin to multiply.Whenever you
  couple that with the chance your address and
  phone number might change with time, and you will
  forget to update your contact details together
  with your providers, your prior super fund or
  even funds can lose track of you.

3
What's lost super?

• Your super fund holds on your super money, but
  report you like a lost member to the ATO if any
  from the following apply
• youre uncontactable
• It hasnt obtained any efforts or rollovers into
  your account within the last 5 years
• Your account has been moved by another super fund
  like a lost member account, but no contact
  information for you personally can be located

4
What's unclaimed super?

• Twice yearly, your super fund transfers, lost
  super on the ATO (to hold for you), that is if
  this becomes unclaimed super. Your own super fund
  will do this in case you are
• Over 65 years of age, haven't designed a
  contribution within the last 2 years as well as
  your fund has been not able to contact you for 5
  years
• Deceased, as well as your fund continues to be
  not able to pay the help to the rightful owner
• A former short-term Australian citizen, and
  contains been 6 months because you left Australia
  and also, since your visa expired
• Entitled to become paid your ex-spouses super
  inside a divorce, and also the fund is not able
  to contact you
• A lost member whose balance is under 6,000
• a lost member whoever account continues to be
  inactive for Twelve months, and your fund does
  not have the data required to make a payment for
  you

5
Good reasons to discover your super today

• For those who have a lost or ATO-held super
  account, you are able to reclaim it. And, the
  good thing is, the financial advantages might be
  considerable.It is because a lost account might
  have quite a bit of money in it, especially if it
  has been getting interest. Plus, in case you
  reclaim it before its shifted to the ATO, there
  might be advantages.

6
These include

• You wont lose insurance policy in your super
  which you'll if its used in the ATO
• Earnings on investments might be more favorable.
  It is because in case your account is taken
  through the ATO, interest is calculated while
  using the consumer price index (CPI).

7
Benefits and drawbacks of consolidating super
accounts

• You will find the benefits of rolling multiple
  super accounts into one, but you will find
  essential things to think about if youre
  considering doing so.

8
Possible benefits

• One super account indicates one set of fees,
  potentially helping you save 100's of dollars
  each year as well as thousands over a long time.
• Having one super account is simpler to keep tabs
  on with less paperwork as well as administration.
  
• You can carry out a lost super search included in
  a consolidation process as well as potentially
  discover extra super money you won't ever knew
  you'd.
• With one account it might be simpler to manage an
  investment strategy that fits your personal
  goals, circumstances, as well as appetite for
  risk.

9
Feasible pitfalls

• Your additional super accounts might charge exit
  or even withdrawal fees, so its vital that you
  ask upfront.
• There might be tax implications based on your
  situation.
• You could lose some benefits and features you
  currently have in other super accounts, which
  might include things like an insurance policy.

10
Contact Us

• Australian Super Finder
• info_at_australiansuperfinder.com.au
• Phone [phone]
• Fax [phone]
• https//australiansuperfinder.com.au/
• Level 3, 31/240 Plenty Rd, Bundoora, VIC, 3083,
  Australia
• https//www.facebook.com/AustralianSuperFinder/
• https//twitter.com/australiasuper3