Many Australians have superannuation that they have lost track of over the years. The ATO estimates that the total amount of lost super in Australia adds up to billions of dollars.
If you have ever changed your name or address it is possible that you have chunks of super that you’ve completely forgotten about. The same is true for super accumulated in a part-time or casual job, particularly if it was a long time ago.
If you think that you might have some lost super, you should track it down as soon as possible. By splitting your super between funds, you are most likely paying unnecessarily high fees.
Finding your lost super is easy with the ATO’s online SuperSeeker tool. You can also use the ATO app to do a quick search to determine whether or not you do have lost super. To do this, you will need to provide your name, date of birth and tax file number (TFN).