Bonanza in unclaimed super
MORE than $105 million of unclaimed superannuation is available for collection in the eastern suburbs.
Pearce MHR Christian Porter urged people to check if they have any lost or unclaimed superannuation with the Australian Taxation Office.
He said 25,744 unclaimed accounts in Pearce was a great reminder for people to check.
“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,” he said.
“I encourage everyone to log on to the ATO website to check if they have any unclaimed superannuation.”
The Federal Government introduced reforms to the superannuation system to extend fund choices to workers under enterprise bargaining agreements.
“These changes will ensure more than one million workers have the right to choose their own superannuation fund if they are currently prevented from doing so because of enterprise bargaining agreements or workplace determinations,” he said.
“This will help to reduce the number of multiple accounts which inevitably lead to unclaimed and lost superannuation.”
For more information, visit www.ato.gov.au/ checkyoursuper.