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Help! I have lost my super.

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Q. Hello I have lost super and I have been told that I could use this to buy a house for our retirement.  I am 55 and my wife is 51 we are renting and would like to have a house that is ours what can we do. thank you.

Josie answer: A common problem with billions of dollars lost.  However, it is not really ‘lost’, just too many people not caring enough about their superannuation.

Super funds contact you on a regular basis, but if you have changed address it is very easy to forget.  You have worked very hard for your money and great to see you have finally mustered up some energy to find all those lost superannuation accounts.

As a warning, it is not an easy task, but please make the effort.   To start your search, you should go to the  Australian Taxation Office website called ‘super seeker. ( Agree with the statement on the home page and then simply enter your tax file number.)

If you are believe there are more out there, I would contact all your past employers and ask them what fund you were in.  Then you have to painstakingly contact each of those superannuation funds and ascertain what is required to roll them over to your current one.

Just check you are not giving up valuable insurance benefits.  Once rolled over, the benefit is gone!  Cheers and wishing you happy money organisation (you will need it and guaranteed to be worth the effort!).   Josie Kay

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YOU MUST READ THIS: Don’t forget that the above information is general in nature and not specific to your goals and objectives. It is recommended that you seek personal financial advice specific to your needs.

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