To really know where you are headed come retirement, you need to know where you stand today.
As you head into retirement it could be especially important to find super you may have lost track of and make sure it's held in one place. This can make it easier to keep track of your super so you have all the retirement money you are entitled to.
It’s not hard to learn if you have any lost super. To find out if any lost super accounts belong to you, create a myGov account at the Australian Government myGov page and link it to the Tax Office.
If it turns out you have other super accounts you had forgotten about, it may be worth consolidating these balances into a single super account.
Your super fund will issue a statement for your superannuation at least annually. It is important to review your statement and check that all the appropriate contributions have been added to your account.
Some superannuation funds also provide online access to your super. This makes it easier to keep up to date with your super and lets you pick up any issues or problems at an early stage.
With BT Super for Life, you can conveniently manage your super online alongside your everyday banking.
ASIC's retirement calculator can help you understand your current position and how small changes now could make a big difference to your future.
This information is current as at 15/08/2016.
This information has been prepared without taking account of your personal objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs.
This information provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such.
Before requesting a rollover, you should consider where your future employer contributions will be paid (if your employer contributions are currently being paid to another fund) and check with your other fund(s) to determine whether there are any exit or withdrawal fees for moving your benefit, or other loss of benefits (e.g. insurance cover), noting that you may not receive the same type or level of benefits after the rollover. You may not be covered for injuries or illnesses that have arisen since you took out previous insurance, and you may lose loyalty benefits.