Do you have $220,000 in a lost super account?

Yes, that sounds incredible but the Australian Tax Office announced in November 2008 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/.

For more information or to speak to one of our Financial Advisers please contact TNR Wealth Management on 02 6621 8544.

Disclaimer

Past performance is not a reliable indicator of future performance. The information and any advice in this publication does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it. This article may contain material provided directly by third parties and is given in good faith and has been derived from sources believed to be reliable but has not been independently verified. It is important that your personal circumstances are taken into account before making any financial decision and we recommend you seek detailed and specific advice from a suitably qualified adviser before acting on any information or advice in this publication. Any taxation position described in this publication is general and should only be used as a guide. It does not constitute tax advice and is based on current laws and our interpretation. You should consult a registered tax agent for specific tax advice on your circumstances.