Have you held more than one job over your working career and lost track of what super you had and what funds it is with?
Even if you think you’ve remembered all your past super funds, it’s best to double check. First, because if you don’t claim it, your lost super goes into a tax office account. Second, because even a modest $200 worth of missing super could turn into thousands of extra retirement dollars over time. Another overseas trip? Yes please!
Ever held a part-time job or done casual work while studying? Chances are you have lost super! The statistics are pretty scary. There are on average 3 super accounts out there for every working Australian. That equates to over $12 billion sitting idly with Eligible Rollover Funds (ERFs). Don’t be one of them!
Finding your super is simple. The Australian Taxation Office has a free online tool you can use to track down your missing super, with as little info as your date of birth and Tax File Number (TFN). Visit Super Seeker to track it down now.
One you have found your lost super, consolidate it into your chosen fund (using the Savvy Supermarket, Top 10s and Ratings to find the one that’s best for you).
You can download a Rollover Form from the Savvy website or get one from your new fund. Fill this in and send it on to your new fund, along with proof of identification and let Savvy or your fund do all the hard work. They will contact the old fund and arrange for a Rollover. Sit back and watch your account balance grow!
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