What's the story with your super?
Ever wondered whatâ€™s happening with your superannuation?
Did you realize that the average â€˜lostâ€™ or â€˜unclaimedâ€™ superannuation account has nearly $5,000 dollars in it? And there are more that 3.4 million of these accounts! Thatâ€™s a whole lot of jet-skiâ€™s, european trips or diamond rings just waiting to be claimed.
Most people donâ€™t bother to even look into their super situation until retirement is just around the corner. Although it may seem a long way off, there are major savings to be made by locating and consolidating your superannuation before retirement. $10,000 can become $70,000 as opposed to $47,000 simply by consolidating several accounts into one.
There are also implications for women and getting their super in order well before retirement too.
Want to know how much you stand to gain? Check out this amazing (or scary) infographic on the Australian superannuation situation as it stands today.