If you have an inactive superannuation account and a low balance, your account will be closed and transferred to the ATO from 8 October 2021. 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 8 October 2021 to keep your account with Christian Super.