Powered by MOMENTUM MEDIA
subscribe to our newsletter sign up

States with most unclaimed super money revealed

Australia map

Nationwide there is a $17.5 billion pool of unclaimed superannuation, and it’s the high-performing states that are the biggest culprits.

NSW had the highest number of lost super accounts, with 178,762 lost super accounts reported for the state representing a total value of $4.21 billion. There were also 916,644 unclaimed super accounts for NSW representing a total value of $4.91 billion.

Victoria had the second highest number of lost and unclaimed super accounts at 125,074 and 507,756, respectively. The total value of the lost super accounts was $3.04 billion while the unclaimed super accounts accounted for $3.51 billion.

Tasmania had the lowest number of lost and unclaimed accounts with 8,099 lost super accounts and 38,108 unclaimed super accounts, representing $184 million and $35 million, respectively.

The postcode with the greatest amount of lost and unclaimed super was the Queensland postcode 4740, encompassing Dolphin Heads, Mackay and other surrounding towns. The total amount of lost and unclaimed super for that postcode was $60.2 million.

The ATO said that individuals can lose track of their super when they change their name, address or job, or move overseas.

Think you might have unclaimed superannuation? You can visit the ATO’s lost super registry to find out.

States with most unclaimed super money revealed
Australia map
nestegg logo
subscribe to our newsletter sign up
FROM THE WEB
Recommended by Spike Native Network
just wondering - Fintech advisers mostly appear to invest in a bundle of ETF's. You don't mention about the additional potentials risks of ETF investments over direct.......
Mort Schwartzbord - It was always apparent from the initial announcement by Labor that the abolition of negative gearing claims would apply to all investments. This will.......
Maureen - Perhaps the change is a reflection of age. Y0unger people are not as charitable as previous generations. The older people who used to give are now.......
Ian S Falconer - The Grattan Institute have again demonstrated that they are totally out of touch with the real world.
There are 'ooo's of self employed people who.......