It’s about time the ATO helped match people with their lost and unclaimed Super

On budget night, the Federal Government announced its Protecting Your Super Package.  This is to protect individuals’ retirement savings from undue erosion.

One of the biggest changes announced as part of the this package is that the Australian Taxation Office (ATO) will now be tasked to proactively help re-unite Australians with their lost and unclaimed super.  And according to the ATO at 30 June 2017 there was over 6.3m lost and unclaimed super accounts totalling nearly $18 billion.

Previously, the ATO just sat on their hands, or more correctly sat on the money, and waited for the individual to go looking.

Now, the ATO will go looking for you and return the money to your current superfund.

If you don’t want to wait, have a look at this recent blog .  This explains what you need to do to try and find your money sooner.

If you want more tips and ideas of how to improve the health of your wealth and get off the treadmill of working till you drop, why not join my meetup group and get notice of my upcoming live and free events.  Simply click below.

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Do you and your family a favour and start taking steps so you can improve the health of Your Wealth and get off the treadmill of working till you drop.

Wayne Wanders

The Wealth Navigator

wayne@thewealthnavigator.com.au

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