Tracking Down or Transferring Super
Talk Investing Podcast
Billions of dollars in Australian superannuation is sitting in accounts people have forgotten, and some of it might belong to you. We walk through the real-world difference between lost super in a fund and unclaimed super transferred to the ATO, why the ATO option can reduce fees but also limit returns to CPI, and how to actually track your money down using MyGov, old employers, default super funds, and the personal details that data matching relies on.
From there we get into the nitty-gritty questions listeners keep sending us. We unpack the confusing legacy talk of pre and post 1983 contributions and translate it into the two components that matter today: tax-free and taxable. We also explain defined benefit pensions, including why “taxed source” versus “untaxed source” can change the tax you pay on an income stream, and what to ask your fund so you’re not guessing.
The calls keep coming: capital gains tax when selling property or shares inside super in pension phase, what happens to a reversionary pension if both spouses die at the same time, whether you can contribute after 75, and what to consider when investing outside super. We also cover overseas angles like bringing UK retirement savings to Australia and the reality of departing Australia super payments with hefty tax. If you want clear super advice in plain English, hit play, share this with someone who avoids their super statements, and subscribe, rate, and review so more Australians can find it.
DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg
