Unclaimed Super Money

If your account becomes inactive, it is considered to be Unclaimed Super Money

This could happen if you are:

  • Aged 65 years or over,
    haven’t made a contribution or received a rollover for the past two years, and we have been unable to contact you for five years.
  • Deceased,
    and we have been unable to pay the benefit to the appropriate beneficiaries.
  • A former temporary Australian resident,
    and it has been over 6 months since you left Australia or since your visa expired.
  • A lost member with less than $6,000 in your account.
  • A lost member with an account that has been inactive for 12 months,
    and we have been unable to contact you.
  • A member with an inactive low-balance account.

 

What happens if my account is considered to be Unclaimed Super Money

Christian Super is required to transfer all accounts that are considered to be Unclaimed Super Money to the ATO every six months.

 

How do I prevent my account from being transferred to the ATO?

You can prevent your account from being transferred to the ATO by taking one of the below actions:

  • fill in an Inactive-Low Balance Account form and return back to us
  • make a contribution (either as a member voluntary contribution, or by asking your employer to pay your super into your Christian Super account).
  • consolidate your super
  • nominate or amending a ‘binding beneficiary’ Nomination
  • switching investment options
  • adjust your insurance cover;
  • update your contact details (but only if you are aged over 65 and your account balance is above $6,000 – otherwise this will not prevent the transfer to the ATO)

If you are aged 65 years or over, you should take one of the below actions to keep your Christian Super account:

  • make a contribution
  • consolidate your super
  • update your contact details.

If you think you might have an inactive low-balance account with Christian Super, and you would like to keep your account open, you can find more information here.

We’re here to help

If you have further questions about Unclaimed Super Money, please contact us.

 

Photo by Melissa Walker Horn on Unsplash