With $9.7 billion of lost superannuation lying in Australian funds, you'd think people would be lining up to claim their share but the amount of money in lost super accounts is steadily growing.
I posted recently in Dollars and Sense for Individuals that this affects 4.3 million Aussies. Fortunately, there is an easy way to track it down.
Accounts become lost when the superannuation fund loses contact with the individual account holder. This can happen for a variety of reasons and while funds do try to contact lost account holders, they are not always successful.
You don't have to wait for a fund to find you. The Australian Taxation Office has a service they call Superseeker. SuperSeeker is a tool that will look for your lost superannuation in real time and instantly provide you with possible matches.
To begin the Superseeker online search you will need to provide your:
- tax file number
- name, and
- date of birth.
It's your money so go and claim your share of the lost billions!
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