How to Find Your Lost Super

First, what is Lost Super?

Over $16 BILLION dollars sits in Super Fund and Austrlian Taxation Office Lost and Unclaimed Super accounts. Some of it could be yours. Especially if you’ve ever changed jobs, moved house, or changed your nam. Are you among the millions of people that have money in a lost Super account?

Your Super may be considered Lost if:

Correspondence to you from your Super Fund has been returned unclaimed
For some funds, you have left your employer and have not contacted your Super Fund to tell them where you would like to roll over your balance
No money was added to your account in the last year and your Super Fund doesn’t have your address
You were in your employer's default fund (most people) and no money has been added to your account for five years
Your balance is insufficient to pay the fees on your account

If your Super is Lost but worth more than $2 000, your Super Fund will usually transfer your money to a special type of Super Fund called an Eligible Rollover Fund (ERF). An ERF is not allowed to accept normal Super contributions and is prohibited from charging you fees which exceed your investment earnings.

Unclaimed Super is transferred to the Australian Taxation Office (ATO).

Why should I care?

If your Super is Lost or Unclaimed you are losing out. Time is your enemy. The faster you find your Lost Super the quicker you can get plans for your future back on track. Either way, you will no longer be covered by the insurance policy you had in your Super, and your Super won’t be invested how you wanted.

It’s unlikely to be earning much

Super transferred to an ERF is usually invested conservatively which is unlikely to suit your needs in the long term