As we move closer to being a cashless society, the days of finding $10 stuffed in a coat pocket or $2 glinting on the street may soon be behind us.
But did you know there could still be other (very real!) money out there waiting to be found? We’re talking about lost superannuation.
It’s estimated there’s around $13 billion in lost and unclaimed super in Australia. Does any of the following sound like you?
- You’ve moved to Australia from New Zealand
- You’ve job-hopped at least once
- You’ve rented or owned homes at different addresses
- You’ve changed your name
Then it’s possible you have lost super out there waiting to be reclaimed. Not to worry. It’s easy to get it back.
Search for lost super online in minutes
Your super fund should have a digital search option (via the ATO) for you to do this. (For example, First Super members can log into the firstonline portal and go to ‘Find your lost super’.) You’ll generally need your tax file number, identity information and some account details to do the search, but the results should only take seconds to appear. If there’s other super out there with your name on it, you’ll soon know about it.
Found lost super? Here’s what’s next
If you’ve found lost money either with other super funds or held by the ATO, you can now decide whether you’d like to roll everything into a single account. (This could cut down on fees and make keeping track of your super in future much easier.) Be sure to read the information about consolidating first to make sure it’s the right move for you.
All done? Too easy.
Want ALL your super in the one place, including your KiwiSaver?
If you haven’t moved money that’s in your KiwiSaver account across the ditch yet, and you’re planning to stay in Aus for a while, why not learn more about KiwiSaver transfers to First Super? There are no charges for this process and we’ll help you every step of the way.
Want to put your super with a fund that takes you seriously?
This is a sponsored advertising promotion by First Super Pty Limited (ABN 42 053 498 472, AFSL 223988) as trustee of First Super (ABN 56 286 625 181).
This document contains general advice which has been prepared without taking into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and read the Product Disclosure Statement before making any investment decisions. To obtain a copy of the PDS or Target Market Determination please contact First Super on 1300 360 988 or visit our website www.firstsuper.com.au.