Consolidating super ato

Forgotten super is money – your money – that is being hit by administration fees and possibly life insurance premiums.Multiple unclaimed super accounts mean multiple annual fees being subtracted from the principal.

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If you’ve had more than one job, it is possible you have more than one superannuation account.

They should have the records as to the superannuation fund used while you were employed with them.

You can use the Australian Tax Office (ATO) online services through the government’s my Gov web platform for a full view of your super.

If your account has been sitting idle with and the fund has lost contact with you, it is considered ‘lost super’, and you would not be alone.

In fact, nearly 2.3 million Australians have three or more super funds.