Have you lost your superannuation funds and are wondering how exactly you should
go about trying to find lost super? The process to find my
superannuation can be long and confusing for most people, especially if they
do not know much about how the superannuation funds work.
Understanding any process always helps to work faster and to a
quicker solution more free of loopholes. That is why, if you are trying to
find lost superannuation funds and are confused about where you should
start looking, then we encourage you to understand the concept of super funds
and just how they perform, from starting.
What exactly is a super fund? If you are in the dark about the whole concept, then the basic idea is this: super funds are funds that saved up so that you can retire with ease. This is an extremely beneficial policy executed by the government and works for most people in or nearing the age of retirement. However, it is also true the every one person out of two people living in Australia has lost track of their super funds. This is a great loss for you and your family for, without doubt, you have worked all your life so that your super fund may add up, or, in formal terms, 'accumulate'.
Super funds add up over a working citizen's lifetime. This happens as a result of his or her employer adding money to the super fund for every month or year of service. Currently, the employer is required to contribute and deposit 9.25% of an employee's salary towards the super fund. However, in coming times, the amount required to be deposited in the super fund is changing. In the coming five years, super fund deposits are expected to change from the current 9.25% to a higher 12%. This is guaranteed by the government and is called the Super Guarantee. No employer can escape paying super to their employees; the government has made it the law for every employer to pay the required amount of super to the employee for services rendered.
Keep in mind that all employers are expected to pay super every quarter of a year. This is the maximum amount of time that an employer may take to pay super to their employee, and some employers have taken to paying much more regularly than that, even monthly. To keep track of super being deposited into your account, be aware of how often your employer plans to pay super. It is required that your pay slip shows the amount of super money that has been deposited into your account every term, along with the date on which it was paid.
While you must always keep conscious track of the fact that your employer is paying regularly, you must also check that he or she is paying the right amount. Sometimes employers don't, in which case employees lose out and have to find lost super. To avoid this, make careful checks and balances to ensure that you retire happily.
Aussie Superfinder is the author and also the CEO of www.aussiesuperfinder.com.au. Here he discuss about Find lost super and superannuation account. visit here to know more and contact aussie, and also follow Google+
This content has been taken from : http://aussiesuperfinder.wordpress.com/2014/05/20/finding-lost-super-we-break-down-the-process-for-you/
Understanding any process always helps to work faster and to a
quicker solution more free of loopholes. That is why, if you are trying to
find lost superannuation funds and are confused about where you should
start looking, then we encourage you to understand the concept of super funds
and just how they perform, from starting.What exactly is a super fund? If you are in the dark about the whole concept, then the basic idea is this: super funds are funds that saved up so that you can retire with ease. This is an extremely beneficial policy executed by the government and works for most people in or nearing the age of retirement. However, it is also true the every one person out of two people living in Australia has lost track of their super funds. This is a great loss for you and your family for, without doubt, you have worked all your life so that your super fund may add up, or, in formal terms, 'accumulate'.
Super funds add up over a working citizen's lifetime. This happens as a result of his or her employer adding money to the super fund for every month or year of service. Currently, the employer is required to contribute and deposit 9.25% of an employee's salary towards the super fund. However, in coming times, the amount required to be deposited in the super fund is changing. In the coming five years, super fund deposits are expected to change from the current 9.25% to a higher 12%. This is guaranteed by the government and is called the Super Guarantee. No employer can escape paying super to their employees; the government has made it the law for every employer to pay the required amount of super to the employee for services rendered.
Keep in mind that all employers are expected to pay super every quarter of a year. This is the maximum amount of time that an employer may take to pay super to their employee, and some employers have taken to paying much more regularly than that, even monthly. To keep track of super being deposited into your account, be aware of how often your employer plans to pay super. It is required that your pay slip shows the amount of super money that has been deposited into your account every term, along with the date on which it was paid.
While you must always keep conscious track of the fact that your employer is paying regularly, you must also check that he or she is paying the right amount. Sometimes employers don't, in which case employees lose out and have to find lost super. To avoid this, make careful checks and balances to ensure that you retire happily.
Aussie Superfinder is the author and also the CEO of www.aussiesuperfinder.com.au. Here he discuss about Find lost super and superannuation account. visit here to know more and contact aussie, and also follow Google+
This content has been taken from : http://aussiesuperfinder.wordpress.com/2014/05/20/finding-lost-super-we-break-down-the-process-for-you/
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