Host Plus is an industry super fund that has rapidly grown in popularity. It is similar to other industry super funds in that it is run only to benefit the members of the fund, keeping fees and commissions to a minimum (if at all).
The rise of industry super funds such as Host Plus is largely in part due to Australian consumers understanding that their retirement money is finite – so fees, commissions and funds that are simply run to benefit an investment company are simply not on the cards anymore.
Host Plus – who is it for?
The Host Plus super fund is open to anyone, however it is and was the preferential superannuation fund for hospitality, tourism, sport and recreation workers.
Host Plus facts
At the time of writing this, Host Plus has over 984,000 members with over $9 billion dollars in funds under management. That is a significant amount of money
Do you have lost super in a Host Plus account?
It may be worth while performing a lost super search. If you are like me, I once worked in hospitality and as a result opened a Host Plus account (in fact, my employer made me do it) and in turn my little dribs and drabs of barista money went into my Host Plus account.
I would think many Australian’s who have held multiple part time hospitality jobs will likely have a Host Plus account and not even know it.
Now 10 years on after my first cafe jobs, I think it is time I consolidated my superannuation into one fund. The easiest way to find out if you have money with Host Plus is to call the ATO and quote your tax file number and details, they will then tell you every single fund you have ever had. Who knows, you may find many more accounts you forgot you had!
Call 13 10 20 to get in touch with ATO and locate your lost super.