Approximately 3.4 million lost superannuation accounts with a value of over $17 billion are waiting to be found. Individuals, who have changed their name, address or job may have some lost super.
The success of ATO programs like SuperSeeker has reunited people with their lost super and returned more than $3 billion to workers’ superannuation balances.
SuperSeeker is a secure and convenient service designed to help keep track of and manage super, to assist individuals search for any lost super and/or unclaimed supers. It is a free online search tool that shows details of any super accounts that have received contributions in the past two financial years, any lost super reported to the ATO and any super money held by the ATO on behalf of members.
The ATO has made enhancements to SuperSeeker which will enable individuals, after authenticating their identity, to:
- view current super funds accounts, any lost super reported to the ATO and any super the ATO hold on their behalf, through a new interface;
- combine their super accounts using an online form by selecting the destination fund form a pick list (based on accounts the ATO knows the individual has) instead of entering an ABN;
- nominate a super account to transfer their ATO held money using the online form;
- go to other super information pages.
Individuals will still be able to do a quick search to find any lost or ATO held super but for further details on their super accounts, they will need to authenticate their identity.