Is some of your super missing?

Missing super is more common than many people realise. Each year, workers miss out on super because it isn’t paid at all, isn’t paid properly, or gets lost along the way. When that happens, it can mean less money for their retirement.

Super can go missing for a few reasons. Sometimes employers don’t pay the full amount. Other times, payments are late, details are incorrect, or money ends up spread across different super accounts when someone changes jobs.

Because we don’t live off our super today, it’s easy to forget about. Most people are focused on their take home pay and bills right now, not something that feels a long way off like retirement.

Small amounts can add up

Even small amounts of unpaid or missing super can make a big difference over time. When money doesn’t go into your super account, it may miss the chance to grow, and this might reduce how much you retire with.

Check your super payments

Checking your super now and then helps you see if payments are showing up and whether the amounts look right. Logging into your super fund’s app or website is a simple way to stay on top of it.

A quick check today could help you avoid bigger problems down the track.

Learn more about unpaid super

Sponsored by AustralianSuper Pty Ltd, ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898.

Any general advice provided in this article is provided under the AFSL held by AustralianSuper; it does not take into account your personal objectives, financial situation or needs. Before making a decision, consider if the information is right for you and refer to the relevant Product Disclosure Statement, available at australiansuper.com/pds or by calling 1300 300 273. A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at australiansuper.com/tmd.