Did you know that tax time is also super time? - ACTU Australian Unions
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Did you know that tax time is also super time?

It has been said that there is ‘nothing certain in the world except for death and taxes’ and it is that time of year when many of us are completing our annual tax return.

This year, if you have set up your personal profile at my.gov.gov.au you can use the new mytax option to submit your own annual tax return – no need to wait for an accountant or tax agent.

And, you never know there may be a pleasant surprise awaiting you. While many will be hoping for a tax refund, the Australian Taxation Office (ATO) also holds millions of ‘lost super’ accounts – one of which may be yours.

How to find if the ATO has any lost super accounts in your name
While you are logged into mytax, look for the ‘super’ tab at the top of the page. If any ‘lost funds’ have been transferred with your tax file number, they will be listed under this tab.

If there is, you can apply to have the funds rolled back into your active super account. Tax done and a possible boost to your super balance in one easy process.

But, why wait to search for super?
Anytime you are online you can visit ausfund.com.au and search for any inactive AUSfund account in your name.

Many industry super funds transfer these accounts to AUSfund to protect account balances and to allow AUSfund’s specialist search team to track members down and reunite them with their funds.

AUSfund is a trusted member of the industry super network and focuses on making it as easy and simple for you to search for these monies and roll them back to your active super account.

 

Industry Funds Investment Limited (IFI), ABN 17 006 883 227, AFSL 229881 is the Trustee of AUSfund, Australia’s Unclaimed Super Fund, ABN 85 945 681 973. IFI is a wholly owned subsidiary of Industry Fund Services Limited (IFS), ABN 54 007 016 195, AFSL 232514.


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