Since a lot of the hard-worked money that employees contribute to the superannuation or super fund and there are many benefits they can get from the accumulated fund, it is very important to find lost super.
A super is designated lost if the super fund cannot contact the payer, if the fund has not received any contributions from the employee in the last five years, or if one of the previous accounts was transferred into a new account and the super fund cannot find the payer’s new address.
A super can also be lost if the employee changed his or her name, address or job. And another usual reason for a lost super is that many Australians accumulate various accounts when they were still working but are unsuccessful at consolidating their superannuation.
Author Bio:
Paul Chang is a banking and financial analyst. He recommends readers to visit sortmysuper.com.au to learn more about the superannuation fund.
A super is designated lost if the super fund cannot contact the payer, if the fund has not received any contributions from the employee in the last five years, or if one of the previous accounts was transferred into a new account and the super fund cannot find the payer’s new address.
A super can also be lost if the employee changed his or her name, address or job. And another usual reason for a lost super is that many Australians accumulate various accounts when they were still working but are unsuccessful at consolidating their superannuation.
Author Bio:
Paul Chang is a banking and financial analyst. He recommends readers to visit sortmysuper.com.au to learn more about the superannuation fund.
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