As of this week, super funds will be contacting those customers with inactive low balance super accounts, with no insurance, a balance between $200 to $6,000 and no contributions or rollovers made for at least 16 months.
100’s of 1000’s of customers will be contacted via mail, email or SMS to let them know that their accounts may be transferred to the ATO.
Super accounts generally must be transferred to the ATO if they have:
If you have an account that you do not want transferred to the ATO you can:
Sofie Korac is an Authorised Representative (No. 400164) of Prudentia Financial Planning Pty Ltd, AFSL 544118 and a member of the Association of Financial Advisers.
Financial Advice Sydney and the North Shore Office based in Lindfield NSW