If you're more confused than ever about what to do with your Super and how to plan your retirement this year, you're not alone.

Just recently, another Super reform proposed in the Federal Budget in May has been changed. The life-time $500,000 Non Concessional Contribution cap is now gone. Dumped.

We now have a $100,000 per year Non Concessional Contribution cap, with a 3-year bring forward to take effect 1 July 2017, replacing the current $180,000 annual limit with a ($540,000 bring forward).

So what does this mean?

Well, this means that for this current financial year, we all still have the opportunity to contribute $180,000  from after-tax funds, and if you're eligible, trigger the 3-year bring forward rule, making use of the new $100,000 per year after-tax contribution in subsequent years.

In my humble opinion, this is a much better outcome for everyone who have just starting to plan for retirement now, especially if you fall into the following scenarios:

• Selling a business you've been running for 15+ years, and relying on the sale to fund your retirement;
• Come into some inheritance recently or sold some real estate assets that have grown substantially in value over the years you've held it;
• Made redundant with a large redundancy payout and possibly forced to retire earlier than planned due to difficulties returning to employment;
• Have recently realised the beneficial tax position you could be in now that you are closer to 60 years of age, and 
• Own commercial real estate that you run a family business out of and looking to keep the business in the family ongoing.

If you fall into any of the above scenarios, it is vital that you review your situation as soon as you can to ensure you make the most out of your situation and the new changes.

This morning, the ATO released their latest statistics on lost super accounts as of 30 June 2016.

There are more than $11bn in lost super money reported.

If you have searched for your lost super and didn't find anything previously, don't give up. Super is only recorded as "lost" if the Super fund actually reports it as "lost". 

You may have checked prior to them reporting your account as "lost". Super funds report lost accounts to the ATO only twice a year, so if you've checked more than 6 months ago, check again.

Millions of Australians move addresses every few years. Many of us either forget to or fail to renew our mail-forwarding requests with Australia Post. Some of us take so little notice of Super or change jobs so frequently that they usually have no idea which fund(s) their super is with. Your mail could have been sent to your old address and the new people who live there may simply throw the letters. Possibly because, for whatever reason, it is inconvenient for them to write "Return To Sender" on the surface and put it back in the post box.

If this happened to you, then it could be years before your super is reported "lost". After all, if there is no feedback to the Super fund to tell them you no longer live where they're sending your statements, and you'd forgotten to call them to update your details, how on earth are they going to know they've lost you?

Below is a snippet from the ATO website where you can find this information. Some postcodes only have one lost account. You could be the one!

Click here to be redirected to the ATO website and click on the link to do another search for your lost super today.