(Yes, once again I am actually
going to blog about something practical. The last time it was about writing your Will – have you done that yet?)
Many years ago, I had about 4
different superannuation accounts. I think it’s a common problem for people
when they enter the workforce and each new job has a different preferred fund and you
don’t really care too much about where the money goes because you won’t see it
until you’re ‘old’. When I settled into my first professional role, I took the time to
bring all of my super funds into one account. It was annoying and took a while
and to be honest cost me money, because when I withdrew money from an account
it would charge me for the pleasure of doing so. Ultimately it was worth it because I
now have one fund with one lump sum then earns more interest than my four
smaller funds would.
This is the message the Government
is trying to get across – it’s your superannuation, you earned it, you will
need it some day and it’s better off in your back pocket than in some unknown
super fund you can’t remember joining.
So, even though I was pretty sure I’d
mopped up all my earnings I went online to the Australian Government’s SuperSeeker website to check it out.
Turns out it is spectacularly easy
to check if you have ‘lost’ super. All you need is you TFN, name and date of
birth and you can find out immediately if you have any registered lost super.
There are lots of ‘lost superannuation fund’ websites out there but I recommend
you go straight to the Federal Government one.
It’s so easy everyone should do
it. It will only take you two minutes to see if you have any super to claim and
then if you have – score! Money you didn’t know you had! It may take some effort
to get it back but really, it’s worth it in the long-term.
Because we all want to spend our days here.
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