The ATO is calling on workers to check if they are missing superannuation savings after the latest data showed it was holding $17.8 billion in lost and unclaimed funds.
If you’ve changed jobs, moved house or simply forgotten to update your details, you may have lost or unclaimed super.
Lost super occurs when members have lost contact with their fund or the member’s account has been inactive for some time.
By law, the fund is required to transfer certain accounts to the ATO, which then becomes unclaimed super.
Even if you’ve retired you could have lost or unclaimed super.
The super health check includes step-by-step instructions on how to search for lost and ATO held super on ATO online services through myGov.
It consists of 5 simple checks to manage your super, search for lost super and prevent your super becoming lost.
You can check your:
- contact details
- super balance and employer contributions
- lost and unclaimed super
- multiple accounts and consider consolidating
- nominated beneficiary.
To start, download the super health check (NAT 75486, PDF 204KB)
