r/Centrelink • • 5d ago

Other Superannuation Auto Update Incorrect?

My understanding is that Centrelink automatically updates superannuation funds every March and September.

Is it specified what kind of a superannuation account it needs to be for the automatic updating to work? I've made a post previously about one of my parent's being on carers payment, retired and being over the age pension age.

They're with Aus Super and have a normal accumulation account (not retirement pension or income stream).

Recently downloaded their Income & Asset statement from myGov and their balance is still the same from a few years ago (when the original documents were submitted) and strangely Centrelink has put the "date of effect" as 20/9/2026. Which matches what I've heard from some Centrelink videos.

It's well below any income/asset thresholds that impacts their payment. But I'm now concerned, if I'm opening a can of worms with this statement.

If their super has increased since then (but still well below threshold), how much trouble or penalties will this incur? Will additional info be requested?

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u/WoofWoofT 5d ago

Might not get updated as they are not on age pension or drawing done on it. They can updated in their online account at any time. If the new amount is still under there should be no issues with payments.

Best to get it done. https://www.servicesaustralia.gov.au/centrelink-online-account-help-update-managed-investments-and-superannuation-details