One of the most important aspects of one’s life is savings, which helps the person at a stage where he/she cannot really earn. There is a need for security of regular inflow of money and investment even after the retirement. Superannuation is a program that assures working class people to keep earning alive even after their retirement. Australian government to bring demographic shift and economic change introduced it and according to the scheme; an employer has to put some amount in his employee’s super account based on his/her salary.Many people change their jobs, and migrate to a new place to live, and this leads to the difficulties in tracking down their last super. This in turn risks in losing money, which they have been saving for quite a long time. With the help of ATO, these people can track and find their lost super and find
superannuation after giving their file number and other personal details. By this, the money is transferred to their current existing account and they can retain it with no hassle. Australian Superannuation offers investment options in super easy balanced and super easy cash schemes. The person is capable of availing tax exemptions and benefits for investment they had done.
