Keeping Track of Your Super with myGov

You may be aware the ATO encourages taxpayers to use the myGov app - whether it be on a computer and / or your mobile phone.  It has become their primary source of information exchange in recent years.  And when it comes to accessing information about your super, myGov is a very useful tool.

Super information in myGov

Accessing your super information is via the ATO-linked service in myGov.

The ATO has access to your employer’s contribution information and super fund’s are required to report information on transactions on your super account/s including your super balances.

Once you’ve logged in to myGov and chosen to visit the ATO service you will see a welcome page. Select the ‘super’ tab and choose from the dropdown menu. You can find details of your super accounts, check your super information and consolidate your super accounts.

Available super related information

1. See your super accounts

• Open and closed accounts

• Inactive accounts

• Lost super

• Pension accounts

• Any ATO-held super – the ATO will transfer this into your active super account if they can identify it.

• Account balance – note that this information may not be up to date as this is dependent upon reporting deadlines (which is usually 30 June).  For real time balance information, it is best to check with your super fund administrator

Note: SMSFs are not required to provide their super information as regularly as industry or retail super funds.

2. Check your contributions

Employer contributions

With the STP (Single Touch Payroll) reporting system, employers regularly report to the ATO information about their reportable employer super obligations.

Go to the ‘super’ tab, select ‘information’ from the dropdown menu and click on ‘employer contributions’.

Concessional Contributions –

Bring-forward arrangements

Choose ‘bring-forward arrangement’ from the super information menu to see if you are in an active bring-forward period, when the period ends and how much contribution cap space you have remaining.

Unused carry-forward amounts

You can check if you have any unused concessional contribution cap amounts available to carry forward in a current financial year.

Select the ‘super’ tab, click on ‘information’ from the dropdown menu then ‘carry-forward concessional contributions’.

3. Check if you have insurance cover

When viewing your fund details, click the dropdown arrow on the right-hand side next to each fund. This will display the fund details, including whether it has recently received contributions and if you have insurance.

4. Pay super tax bills

You can also view, pay or elect to release money from your super account to pay for any super-related tax liabilities. These include a Division 293 tax bill and tax on excess concessional and non-concessional super contributions.

5. Apply for the First Home Super Saver Scheme (FHSSS)

You can apply to the ATO for a FHSS determination and to withdraw your voluntary super contributions towards the purchase of your first home, if you are eligible for the FHSSS.

From the super tab, click on ‘manage’ from the dropdown menu then ‘First Home Saver’.

To find out more about how to create and navigate a myGov account visit the government’s help page.