You may think there’s a low chance some of Australia’s $18.9 billion in lost and unclaimed super1 belongs to you, but it’s possible you have an account you don’t know about.
In the area of Stafford to Brisbane’s north there is over $24 million in lost super and in the Toowoomba area in southern Queensland there is over $36 million waiting to be found. These are just some of the areas in Queensland the owners of the state’s $1.9 billion in lost super are believed to be living.
Do you know where all your super is?
There are about four million Australian’s with multiple super accounts1 and many may be unaware they have more than one account, potentially losing track after changing jobs or moving house.
If you have multiple accounts you’re likely paying fees on each account and insurance premiums. By combining accounts you could potentially save money on fees and charges.
How to find your super
With BUSSQ you can do a Supersearch to find any lost super or other super accounts you might hold and easily combine them into one super account.
Remember that combining your super into one account will close your other accounts, so check your employer is paying into your preferred super account first. It’s also important to check with your other fund about any insurance, or other benefits you’re giving up by combing your super.
For further information about what to consider before combing your funds, please see our Combine your super factsheet.
To complete a search and combine your other funds into your BUSSQ account, do a Supersearch in your online account or call us on 1800 692 877.
