Got a letter from the ATO about your lost super with Sunsuper? Find out what to do next.
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$13 billion of lost super is waiting to be claimed |
There's roughly $13 billion in unclaimed superannuation money, some of which could be yours if you have lost track of your super over the years.
The Australian Taxation Office (ATO) and the superannuation industry have set up a system, called the Lost Members Register, to help people claim lost super. The easiest way to search for your lost super is via SuperSeeker, the ATO's online search tool. Using your Tax File Number (TFN), SuperSeeker will look for your lost superannuation and instantly provide you with possible matches. If you don't want to use the ATO's online search tool, you can also use their automated phone service by calling 13 28 65.
Once you've found your lost super, you should combine all your super into one account to avoid paying multiple fees and dealing with lots of extra paperwork. If you are a Sunsuper member, find out how to transfer your lost super to Sunsuper.
The ATO has developed 'Super Match' to help funds put members back in touch with their lost super. Sunsuper may use SuperMatch to search the lost member register on your behalf, and we will contact you if we find any of your super. It will make it easier to find your super entitlements if you provide us with your TFN. If you'd prefer that we didn't search on your behalf, please call 13 11 84.
Please note that this information does not currently take into account the changes proposed in the 2009 Federal Government Budget and will be updated if the proposed changes become law. Check out the proposed Budget changes, or call the Member Advice Centre on 13 11 84 for more information.