It’s important people know how much super they have, where it is, and if their employer is paying the right amount. At tax time we encourage everyone to complete a super health check.
For most people it only takes a few minutes, and most checks can be done on ATO online. The super health check consists of the following 5 checks:
- Check your contact details
- Check your super balance and employer contributions
- Check for lost and unclaimed super
- Check if you have multiple super accounts and consider consolidating
- Check your nominated beneficiary
People can do a super health check at any time, but it’s a good idea to do it at least once a year, such as when preparing their tax return. It’s a great way of understanding super and staying in control.
An additional benefit of completing a super health check could be the early detection of fraudulent activity. If people think there’s been activity on their super account that they haven’t authorised, they should contact their super fund immediately.
Visit ato.gov.au/SuperHealthCheck for more information or to watch a short that explains each check in more detail.
The super health check is also available in Arabic, Chinese (simplified and traditional), Korean, and Vietnamese.
Looking for the latest news for Super funds? You can stay up to date by visiting our Super funds newsroom and subscribingExternal Link to our monthly Super funds newsletter and CRT alerts.