Lost superannuation or ATO-held super refers to super money ATO holds for you. This includes amounts paid by employers, super funds, retirement savings accounts (RSA) providers or the government on your behalf.

Generally, lost superannuation money will be transferred to ATO from super providers for any of the following:



• unclaimed super for members aged 65 years or older, non-member spouses and deceased members
• small lost member accounts and insoluble lost member accounts
• inactive low-balance accounts
• super for temporary residents who have left Australia for six months or more
• accounts held in eligible rollover funds that are transferred to ATO before they wind up
• amounts your fund transferred to ATO on a voluntary basis when it determined this was in your best interest.

If ATO holds your super, you can consolidate or claim it from once you’ve met certain conditions.

It is important to track your lost superannuation

Keeping track of your super will help you stay informed about:

• how much super you’re being paid
• how many super accounts you have
• any insurance provided with your super.

Knowing how many super accounts you have is important. Having multiple super accounts could mean you are paying fees you are unaware of, which could reduce your retirement savings.

If you’ve ever changed your name, address or job, your fund or the ATO may not have your current details, which can result in your super becoming lost or unclaimed.

Super is your money. You should check it regularly.

Any questions about lost superannuation? Please call us to day for an obligation free consultation, or visit ATO Website.

Read our recent posts here.