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Posted on June 12, 2018

Should I care about lost super?

Find your lost super

Lost Super stats

Did you know there is about 14.8 million Australians with a superannuation account?  Around 40% hold more than one superannuation account? Some of that 40% makes up the $18 billion in ‘lost super’. Is some of that yours?  Should you care about lost super?

Find it

Have you moved house since starting work? Changed jobs over the years? Don’t know or remember where your teenage self stashed your super? It’s easy to track it down.  It’s time to care about your lost super.

Combine it

Combining your multiple accounts can help save on fees and reduce your paperwork.  Having all your superannuation together in a single account means you can keep track of your hard earned money.  Even further grow your retirement fund.

Get online

Many websites offer to help find and combine your super. It is quick, easy and free. You can check with your known superannuation provider or the Australian Tax Office.

Grow it

A qualified financial adviser can help you find an appropriate superannuation fund that will grow your hard-earned income ready for your retirement – and the sooner you get on top of this, the better!  Give the team at Wealth Planning Partners a call if you’d like to grow your super.

Source: https://www.ato.gov.au/About-ATO/Research-and-statistics/In-detail/Super-statistics/Super-accounts-data/Super-accounts-data-overview/

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