People lose super because they change jobs. They move house and don’t update their account details. They get married and change their names. After a while, those super accounts fade from memory and unclaimed super may ends up being transferred to the Australian Taxation Office (ATO).
In addition, a new legislation starting 1 July 2019 requires super funds to report and transfer inactive low balance super accounts1 to the ATO.
Think of your lost super as a way to boost your Hostplus balance. You may have $100 or $1,000 in super sitting with the ATO or some more money with another super fund(s). Imagine how your super could grow with a boost like that!
You can now check where your super is using ATO online services through myGov:
1 In general, a super account is an inactive low balance account if: