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hello i am inquiring about a friends issue
he has recently lost his father and we are unable to find any super paper work
i was wondering if there was a way to track it down like the lost super you can
if so where would be the best way to start this process ?
Responses
Hi Jon,
A little bit of a strange approach and to be honest conflicted slightly recommending this to you - though it is by far the simplest way for you to get a full picture of your friends situation.
I'd suggest you friend goes to the ATOs super seeker/MyGov portal as though they are their father. Punch in member's TFN and other personal details then the system will report all live and lost super accounts (excl SMSF).
It would be prudent to review and insurance cover within each fund to see if there are benefits. Once you have visibility over the funds they can be distributed to the estate or the nominated beneficiaries.
I wish there was a simpler way, but there is likely to be quite a lot of paperwork and calling to the super providers.
Wishing you and your friend all the best at a difficult time,
Damien Linn
CEO - Squirrel
Hi Jon,
Sorry to hear about your friend's father.
The best thing to do is to visit https://www.ato.gov.au/Individuals/Super/Keeping-track-of-your-super/ and enter the relevant details to find out where his super was.
Prior to redeeming the super balance, make sure your friend talks with the super fund to discuss what life insurance options may be on that fund, as many people have automatic insurance built in to their fund.
Once you find any super, you will need supporting documents of his/her late father in order to discuss it further. Happy to any more questions if needed.
I hope your friend manages to finalise it as quickly as possible.