Lost Super?
If you have ever changed your name, address or especially in today’s environment where you could change jobs several times throughout your working life, it’s easy to lose track of where you’re super is being paid. Having several super accounts could mean that fees and charges are reducing your overall super investment.
The ATO claims there is around $17 billion owing to account holders and therefore could be holding unclaimed super on your behalf. This happens when Super Funds transfer the 
balance of small inactive account directly to the ATO. This is still your super and you are able to claim and transfer it to your preferred super fund at any time.
There are two primary ways to find any lost or unclaimed super:
AUSfund (Australia’s unclaimed super fund)
The first thing you should do is go to the Australian Tax Office’s online search tool or by calling 13 28 65.
To do a simple search, you’ll need to provide:
• Tax file number
• Full name
• Date of birth
For a more comprehensive search of all your superannuation, you’ll need to register for a secure login with the ATO.
Beware of companies or individuals trying to make money from you unclaimed funds. If you receive a letter or phone call advising you of unclaimed funds, there is no need to take advantage of their service.
Before making any decisions to close any super accounts speak with the team at JBS as you could be losing access to any insurance in place within the super or other benefits such as access to reduced home loan rates or lower fee structures.
If you would like to know more about unclaimed super please speak to the team at JBS.