Yes, that sounds incredible but the Australian Tax Office announced in November 2018 that there is an unclaimed (lost) superannuation account holding $220,000! That’s enough to make you find out if it could be yours – or a family member’s?
Anyone who has changed their name, address or job (that accounts for a few of us!) could have some money sitting in a super fund and totally forgotten about it. It might not be $220,000 but you never know what you might find.
It’s worth taking a few minutes to look. Start here: https://www.ato.gov.au/Individuals/Super/Growing-your-super/Keeping-track-of-your-super/.
Once you’ve checked for any lost super accounts, contact your financial adviser to discuss consolidation your super.