Superannuation becomes lost when you lose contact with the fund. The money doesn’t go anywhere, it simply stays with the fund and they continue to invest it on your behalf. The problem is that usually they continue to take out fees for doing this investing for you. That’s why having lots of lost funds is costing you money in the long run. Most of the time people lose touch when they get married or divorced, change names, jobs or move house.
If the fund doesn’t have up-to-date contact details for you they will either hold onto it or roll it over into what’s called an Eligible Rollover Fund.
We do not charge any fees for a basic super search, this is a free service.
If you require assistance to consolidate your super accounts into one account of your choice, there may be a fee of $99.50 per fund. Please speak with us directly to discuss more sophisticated advice options. Read our Financial Services Guide for information about our services, including the fees and other benefits that Logic Financial Services Pty Limited and their representatives may receive in relation to products and services provided to you.
On most occasions there are no out of pocket expenses for you as fees can be paid from your nominated super fund. Before requesting a rollover, you should also check with your other fund/s to see if there are any exit fees for moving your benefit, or other loss of benefits (e.g. insurance cover). All information on this website is subject to change without notice.