In a world full of credit cards and internet banking money has become invisible. These days we can even tap our phone to make a purchase. Think about the impact this must have on the financial literacy of our children...
Who can have lost super?
Your super fund will report you as a lost member if either:
they have not been able to contact you;
they have not received any contributions or rollover amounts for you in the last five years;
your account was transferred from another fund as a lost member account and no new address has been found.
If you set up a self-managed super fund (SMSF), you're in charge – you make the investment decisions for the fund and you're held responsible for complying with the super and tax laws. It's a major financial decision and you need to have the time and skills to do it.