Mansfield residents could claim up to $4 million in lost super
MANSFIELD residents are missing out on almost $4 million in super, according to a report released by the Austral
Some $1.7 million is either lost or unclaimed in those living out of town having almost $2 million sitting with the ATO.
There are 85 different accounts owned by people in accounts with unclaimed funds.
total of $5.3 million in lost and unclaimed super, Wangaratta has more than $8 million and Euroa has $2 million.
ATO assistant commissioner, Graham Whyte, said now was the time for Victorians to reconnect with lost super, spread across the state in more than
“It’s important to remain engaged with your super fund through all stages of your career, not just when you are ready to retire,” he said.
“The data also reveals that more than a third of Australians still hold two or more super accounts.”
People can lose contact with their super funds when they change jobs, move house, or forget to update their details.
Establishing and linking a myGov account to the ATO enables any individual to view all their super details, including any that have been lost or forgotten about.
From there, it is easy to consolidate accounts.
For information on how to manage your super and view all your super accounts including lost and unclaimed super, visit ato.gov.au/checkyoursuper.