If you have an inactive superannuation account and a low balance, your account will be closed and transferred to the ATO from 30th April 2022. This is a requirement of the new ‘Protecting Your Super Package (PYS) legislation’.
How do I know if this affects me?
If you have an account balance that is less than $6,000 AND within the last 16 months:
- no contributions have been made to the account or
- the following actions have not been made:
- adjusted insurance cover
- switched investments
- nominated or amended a Binding Beneficiary Nomination
*Please consider your current situation before proceeding with any action.
Does this impact you? Take one of these simple steps
Take one of the below actions before the end of March 2022 to keep your account with Christian Super.