{"id":40319,"date":"2026-08-05T07:57:34","date_gmt":"2026-08-04T21:57:34","guid":{"rendered":"https:\/\/www.fuserecruitment.com\/?p=40319"},"modified":"2026-08-05T07:57:34","modified_gmt":"2026-08-04T21:57:34","slug":"when-was-the-last-time-you-checked-your-super","status":"publish","type":"post","link":"https:\/\/www.fuserecruitment.com\/blogs\/when-was-the-last-time-you-checked-your-super\/","title":{"rendered":"When Was the Last Time You Checked Your Super?"},"content":{"rendered":"

For many Australians, super is something that was set up years ago, at a job they may not even hold anymore, and has not been looked at since.<\/span>\u00a0<\/span><\/p>\n

That is understandable. When you are settled in a role and life is busy, super feels like a problem for later. But later is exactly when small oversights become expensive, and a quick check today costs you nothing.<\/span>\u00a0<\/span><\/p>\n

Here is what you need to know.<\/span>\u00a0<\/span><\/p>\n

How does super become lost or unclaimed?<\/span><\/b>\u00a0<\/span><\/h2>\n

Super becomes lost when your fund can no longer contact you or your account stops receiving contributions. According to the ATO, accounts left inactive long enough can be\u00a0<\/span>transferred to the ATO as unclaimed money<\/span><\/a>, where they sit until the owner comes looking.<\/span>\u00a0<\/span><\/p>\n

The scale of the problem is significant. ATO data shows\u00a0<\/span>lost and unclaimed super reached\u00a0$18.9 billion<\/span><\/a>\u00a0across almost 7.3 million accounts as\u00a0at\u00a030 June 2025.\u00a0<\/span>\u00a0<\/span><\/p>\n

Most of that money belongs to people who changed jobs, moved house, or simply lost the paperwork somewhere along the way. If you have not logged in to your super account in the last year or two, some of it could be yours.<\/span>\u00a0<\/span><\/p>\n

Why is now a good time to check your super?<\/span><\/b>\u00a0<\/span><\/h2>\n

Now is a good time to check your super because two things have changed. Payday Super means contributions arrive with every pay cycle, and the new financial year puts your finances front of mind.<\/span>\u00a0<\/span><\/p>\n

Payday Super came into effect on 1 July 2026<\/span><\/a>. Employers must now pay super guarantee contributions each payday rather than quarterly, with payments reaching your fund within seven business days of your pay date.\u00a0Your account now updates with every pay cycle, which means checking it actually tells you something.\u00a0You can check if your employer is paying the required super contributions on time.<\/span>\u00a0<\/span><\/p>\n

The new financial year is also a natural reset point. Your payment summary is being finalised, tax time has your finances front of mind, and a super check slots neatly into the routine you are already in.<\/span>\u00a0<\/span><\/p>\n

What should you look for when you check your super?<\/span><\/b>\u00a0<\/span><\/h2>\n

A proper super check covers four things: your contact details, any forgotten accounts, your\u00a0fund’s\u00a0fees and performance, and your insurance and beneficiaries. It takes about twenty minutes. Ask yourself the following:<\/span>\u00a0<\/span><\/p>\n

1.Are your contact details current? <\/span>\u00a0<\/span><\/p>\n

An out-of-date address or email is the most common way accounts drift into lost territory. Confirm your details with both your fund and the ATO so your money never loses track of you.<\/span><\/p>\n

2. Do you have accounts you have forgotten? <\/span>\u00a0<\/span><\/p>\n

If you have changed jobs before, old accounts may still be open and\u00a0charging\u00a0fees.\u00a0<\/span>The ATO’s online services through myGov<\/span><\/a> list\u00a0every account linked to your tax file number, including any ATO-held amounts, and let you\u00a0consolidate\u00a0from the same screen. Before\u00a0consolidating, check whether any account holds insurance cover that would be lost upon closure.<\/span><\/p>\n

3. Is your current fund working for you? <\/span>\u00a0<\/span><\/p>\n

Performance, fees, and investment options vary between funds.\u00a0<\/span>The ATO’s YourSuper comparison tool<\/span><\/a>\u00a0lets\u00a0you compare\u00a0MySuper\u00a0products side by side. Past performance is not a guarantee of future returns, but it provides a useful starting point.<\/span>\u00a0<\/span><\/p>\n

4. Are your insurance and beneficiaries up to date? <\/span>\u00a0<\/span><\/p>\n

Super funds commonly provide death, total and permanent disablement, and income protection cover. If your circumstances have changed since you last looked, your cover and your nominated beneficiaries may no longer reflect what you want.<\/span>\u00a0<\/span><\/p>\n

What are the benefits of checking your super regularly?<\/span><\/b>\u00a0<\/span><\/h2>\n

Checking your super regularly helps you catch missing contributions early, recover lost money, avoid paying duplicate fees, and keep your insurance current. Each benefit compounds over time, because problems found early cost far less than problems found at retirement.<\/span>\u00a0<\/span><\/p>\n