Locals are missing out on millions in lost or unclaimed superannuation, the latest figures from the Australian Tax Office (ATO) show.
Federal Member for Wright Scott Buchholz said over $70 million in super from across the electorate was sitting unclaimed.
“There are many ways people can lose contact with their superannuation, including changing jobs, which may force them into a new superannuation fund, moving homes, or not updating their details with their superannuation fund,” Mr Buchholz said.
“This is a timely reminder for locals to check if they have any lost or unclaimed superannuation and be reunited with their retirement savings.”
“These figures show locals may not realise how valuable a quick and easy check of their super accounts could be.”
As at 30 June this year, there were over 6.3 million lost and ATO-held super accounts worth almost $18 billion.
Mr Buchholz urged locals to claim their super share and enjoy the fruits of their labours.
“I encourage everyone to log onto the ATO website to check if they have any unclaimed superannuation.”
For more information or to find out how to claim lost superannuation, visit www.ato.gov.au/checkyoursuper.