Workers may have lost or unclaimed super if they have:

• Changed their name
• Moved jobs or changed addresses
• Forgotten to update details with their super fund in the last few years

Lost super occurs when members have lost contact with their fund or the member’s account has been inactive for a period of time. By law, the fund is required to transfer certain accounts to the ATO, which then becomes ‘unclaimed super money’.

The Government’s Protecting Your Super reforms have resulted in the ATO proactively reuniting more Australians with their lost and unclaimed super. Since 1 November 2019 to 28 February 2021 almost 3.3 million accounts worth almost $4.3 billion has been proactively reunited and paid out to their rightful owners.

This includes approximately 2.3 million accounts worth $3.7 billion that have been transferred into individuals’ active super accounts, and approximately 995,000 accounts worth $573 million paid proactively into individuals’ bank accounts – a power that only the ATO has.

To encourage consolidation of accounts findmysuper.com.au suggests that you set up your own MyGov account.

IF you want to appoint us to help track down your accounts then please register. We will do this free of charge.