Over the years you have been working, you may have had multiple employers, changed your address or your name.  This make's it very easy to lose track of your superannuation. Having multiple super accounts means multiple fees, so it is important to be aware of what super accounts you have.  You should also be aware of how much your employer is contributing and what insurance your super funds provide you with.

The easiest way to keep track of your super is through a MyGov account.  On here you can;

• See the details and balances of all of your super accounts. There may be some on there you even forgot about.

• Rollover super funds from these forgotten accounts into the super account of your choice.

• See super held by the ATO. If the government, your super fund or your employer can't find an account to transfer your super to, the ATO will hold it on your behalf.

• Consolidate super accounts by transferring your super into your account of choice.

(Source: ATO)

It is important to know where your superannuation is and how it is being managed. Information about the fees and insurance of your fund is particularly important. Often people end up with a new superannuation account with every new job they start. This can often mean that by the time people are ready to retire they have a list of funds a mile long to sort through. Some funds will provide better insurance than others, some funds will charge lower fees. It is also important to check on older accounts as without any money being paid into them the fees can eat away at the balance over the years until theres nothing left. Meanwhile it could be being used to grow the balance in your fund of choice.

At Tupicoffs we can help clients track, and manage their superannuation. We can show clients how to maximise their contributions, minimise their fees, and prepare for a smooth transition into retirement without the financial stress, whenever they are ready. We are also experts on SMSF Management so our clients are covered by our knowledge however they choose to prepare for retirement. Through this expertise and experience we ensure that our clients are receiving the maximum benefits and returns from their super.