Down a rabbit hole and searching for your loved ones super, shares and investments? We’ll help you find them.
Let’s get right to the point. If your loved one had wisely chosen to store details of their super, shares and other investments in their Secure My Treasures chests before they passed, there’s a good chance that you wouldn’t be reading this post now.
In Australia there’s around $17.8 billion in lost super. This is spread over 7.1 million accounts. In addition, there’s $2.3 billion in lost or unclaimed money from bank accounts, shares, investments and life insurance policies. Of this, $451 million is in lost or forgotten shares. That’s lot of money.
When a loved one has passed away, the search for lost money, super, shares and other investments can be harrowing. Distress and the potential for friction compound when beneficiaries don’t know how or where or start digging for lost wealth.
You can avoid this emotional chaos and fossicking down rabbit holes when you store all of your super, shares and investment details in your chests in Secure My Treasures. Appoint up to three trustees to instantly access each of your chests after your passing. Trustees could include a loved one, your accountant or stockbroker, your power of attorney, a lawyer or an executor.
But if you don’t sign up to Secure My Treasures, then here’s some help to find lost shares, super and money.
Lost shares
If you do need help to find lost shares, Jon Moses at JM Investments can ease the pain of search using his bespoke search techniques. Find out more about Jon here https://www.securemytreasures.com/secure-my-treasures-partner-program/
Australian Shareholders Association. How to find lost dividends and shares.https://www.australianshareholders.com.au/how-to-find-lost-dividends-and-shares/ (Accessed 14 October 2024)
Lost super
Australian Government. Australian Taxation Office Super health check file:///C:/Users/61467/Downloads/n75486%20[DE-65326]%20-%20Super%20health%20check%20factsheet_Digital.pdf (Accessed 14 October 2024)
Australian Government. Australian Taxation Office Total lost (fund-held) and ATO-held super https://www.ato.gov.au/about-ato/research-and-statistics/in-detail/super-statistics/super-accounts-data/super-data-lost-unclaimed-multiple-accounts-and-consolidations/total-lost-fund-held-and-ato-held-super (Accessed 14 October 2024)
Unclaimed money
ASIC. moneysmart.gov.au Find unclaimed money https://moneysmart.gov.au/find-unclaimed-money (Accessed 14 October 2024)
*We suggest that you also search the unclaimed money register for each state. Unclaimed money that appears in a state register may not also appear on the moneysmart register.