Inactive account transfers
WA Super accounts transferring to the Australian Taxation Office (ATO)
Under new super laws introduced last year, if your WA Super account has been inactive (which simply means you haven’t added money into your account for 16 months in a row) and has a balance of less than $6,000, it will be closed and transferred to the ATO by mid-April 2020.
The ATO will then conduct a search on your behalf to find other super funds in your name. If the ATO finds another active super account that belongs to you, and the joint balance will be greater than $6,000, your money will be transferred to that other super fund.
How can you keep your WA Super account?
It’s simple. If you don’t want your WA Super account closed and the money sent to the ATO, all you need to do is ‘re-activate’ your WA Super account, by doing any of the following:
- make a personal contribution (via BPAY®) or have your employer contribute to your account
- roll money in from other super accounts into your WA Super account using our Find and Combine service
- download, complete and email or send the ATO form back to us. This form is available here.
But please note, you must choose and complete one of these options before 10 April 2020 if you wish to keep your account.
If you’re still not sure what to do, then please give us a call on (08) 9480 3500 or send us an email at info@wasuper.com.au.
