Superannuation: new laws and how to protect yourself

New laws, designed to ensure superannuation balances are not being eaten up by insurance premiums and fees, could see some Australians actually lose money.

Superannuation Source: Getty Images

New laws to be introduced in July will see accounts that had no contributions for 16 months or that hold less than six thousand dollars transferred to the Australian Taxation Office.

But there are concerns that people holding these accounts could potentially lose their life insurance, and total or permanent disability funds unless they contact their super fund.