Do you know where your money is? It may seem like a silly question, but given that there are nearly 12 billion dollars sitting in lost superannuation accounts, the question isn’t that far fetched. How is this possible? People change jobs, perform casual or part-time work, change names and change their addresses. Anyone of these may result in a person having money sitting in a super that they don’t know about. If this could be you, here’s what you need to know about tracking your super.
- Even if your super is lost, it’s still your super and it can still be claimed as yours.
- To check, all you need to do is search for your super.
- In order to search, you will need your tax file number, date of birth and your full name.
- If you happen to find super funds that belong to you and you want to transfer them to your current super, you will also need to have that information available to you as well.
It’s amazing how much money is out there waiting to be claimed! In Queensland alone, there is over 2 billion to be claimed, over 200 million in ACT, 3.5 billion in NSW, over 150 million in NT and 2.5 billion in VIC. As you can see, no matter where you live, there’s a chance that you may have a lost super out there.
If you’re not sure if you have a lost superannuation and you don’t want to go through the process of searching alone, getting in touch with a qualified financial planner is always a good idea. Not only can one help you find your super, but if you do have a lost one out there, they can help you make smart decisions on what to do with the funds in regards to your retirement.
There’s no sense of letting money that’s yours sit out there. Contact us today, and we can help you find your lost funds and add to your retirement savings!