You may think there’s a low chance some of Australia’s $17.8 billion in lost and unclaimed super belongs to you, but it’s possible you have a lost super account you don’t know about.
Do you know where all your super is?
If you have ever changed your name, address, job or lived overseas, you may have unintentionally lost track of some of your super.
In 2020, Cairns and the surrounding suburbs with postcode 4870, had over $40 million alone of lost and unclaimed super#.
If you have multiple accounts, you’re likely paying fees on each account and possibly insurance premiums.
Find and combine your accounts, to save money on these fees and charges.
How to find your super
You can do a simple super search to find other accounts you might have and easily roll the funds into one account.
Remember that rolling over your super into one account will close your other accounts, so make sure your employer is paying into your preferred super account first.
It’s also important to check with your other fund about exit fees and any insurance benefits you’re giving up by rolling over. With BUSSQ you may be able to transfer your existing insurance^.
Log into your online account to use the Supersearch tool to find your other super funds.
How to find your super
You can do a simple super search to find other accounts you might have and easily roll the funds into one account.
