Lost Super

Finding and reclaiming super money that you may have forgotten about or didn’t know you had is a great way to make a difference to your super. This strategy will help you do this.

According to the former Minister for Superannuation and Corporation Law, Senator the Hon Nick Sherry, there is approximately $12.9 billion in ‘lost’ super in Australia*.

Typically, super gets ‘lost’ when people move house, change jobs or their name and don’t notify the super fund of their new details. Then they forget about the fund.

Bluefin can help you track down lost super.  If you find super that’s yours, you can consolidate it into your existing superannuation account. By putting all your super money in one fund you could:

• Pay just one set of fees and charges which could save you money. With one fund, you pay one set of fees instead of several.
• Make managing your super easier. One fund means one set of paperwork to keep track of, and more time for you to do the things you want to do.

Super searching is easy

To find out whether you have ‘lost’ super, follow the steps below. You will need your Tax File Number.

Step 1
Go to the Australian Tax Office website. After reading the Australian Tax Office privacy information, enter your tax file number to commence the search.  If you are successful in finding your lost super, print the results and proceed to Step 2.

Step 2
Contact your Bluefin financial adviser to have us recover this lost super and put it back to work for you..

Before transferring your super we will check whether your current fund will charge any fees for transferring out your money and whether you will lose any insurance cover from your current fund.

*Media statement from Hon. Nick Sherry, 5 January 2009.