Help CentreUnclaimed Super refers to superannuation funds that have not been claimed by fund members and, as a result, have been transferred to the Australian Taxation Office (ATO). Superannuation becomes "unclaimed" under several circumstances, including when an account holder is aged 65 or older, has not made a contribution or rollover into their super account for five years, and the fund is unable to contact the member. Other scenarios include the death of a fund member where the super fund cannot find a beneficiary to receive the death benefit, or when a temporary resident leaves Australia and does not claim their superannuation.
The ATO holds unclaimed super with the aim of reuniting it with the rightful owners. Individuals can search for and claim their unclaimed super through the ATO’s online services, ensuring that these funds contribute to their retirement savings as intended.
Unclaimed super can accumulate from various sources, including lost accounts from changes in employment, name changes, or moving without updating contact details with the super fund. It is crucial for individuals to regularly check their superannuation status, consolidate multiple accounts where appropriate, and update their personal details with their super funds to prevent their super from becoming unclaimed.
ClaimsPlus Lawyers assist individuals in navigating the complexities of identifying, claiming, and managing unclaimed super. Our expertise ensures that clients can efficiently recover their unclaimed superannuation assets, maximizing their retirement benefits and securing their financial future.
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