Find your Lost Super Treasure - One in Every Three Australians who Have Been in the Workforce have Money in a Lost Super Account
Lost superannuation most often occurs after the member left service or changed jobs. There is a possibility that your previous Employer paid some of your super well after you left service, and the payment got lost.
(PRWEB) April 13, 2005 -- Compulsory super contributions were most often paid in time to meet the Super Guarantee Legislation. This may have been after the date that you had already transferred your known super balance to another employers fund. As a consequence the superannuation fund to which the final contributions were sent may have been unable to accept the money.
Have you ever requested your new Employer to send your contributions to your previous Employers superfund ? If so, that fund may not have been able to accept those contributions because your new Employer was not the specific sponsoring employer who arranged the fund.
So, your contributions may have been returned and may have ended up in a lost super account.
There are a number of free searches available for you to use.
One of these searches even allows you to assist your family and friends with their lost super contributions.
A friend or relative who is unable to conduct a search due to a disability or incapacity would appreciate your assistance.
Answer the following questions:
Q1. Have you changed jobs or left the workforce since you joined a superfund ?
Q2. Have you worked and changed jobs since superannuation contributions became compulsory in July 1992 ?
Q3. Did you belong to a fund to which your Employer contributed in terms of an award or contract ?
Then take a few minutes of your time and go via our site www.businesscafe.com.au where you will find the links that take you to your lost treasure.
You will also find other interesting and valuable information via this site to consider when placing your investments and super savings.
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