Good News Amid Super Changes
05 Nov 2012
Savers should use the next few months to search for superannuation accounts they may have lost touch with before the federal government sweeps up many dormant, small balances as part of its efforts to plug a budget hole. From December 31 the government will order the transfer of small “lost” accounts to the Australian Tax Office, a measure that is expected to boost Treasury’s coffers by $555 million in 2012-13.