Three easy steps to find lost super
There is more than $20.8 billion in lost and unclaimed superannuation floating around the system, according to the Australian Taxation Office.
Many Australians have lost track of old super funds after changing jobs or moving home.
But the ATO says it’s “easier than you think” to check if you have missing super and to then get it back. Here’s how:
- Create a myGov account
- Link your myGov account to the ATO
- The ATO portal will show all your super accounts (including any forgotten accounts)
If you have multiple accounts, you can transfer all your super to your main account and then close the unneeded accounts, thereby saving on fees.
Last year, Australians used the ATO portal to reclaim more than $4.4 billion of missing super from more than 540,000 active, lost and unclaimed accounts.
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