For­get garage sale, find su­per

Western Suburbs Weekly - - Western Opinion -

THERE is a lot more money in track­ing down ‘lost su­per’ than there is in usual ef­forts to make a quick buck, ac­cord­ing to West­pac Bank.

In Joon­dalup and Wan­neroo alone, there is more than $77 mil­lion un­ac­counted for across 8586 ac­counts.

The amount lost by peo­ple who live in Floreat, Jolimont and Wem­b­ley alone is al­most $15 mil­lion, an av­er­age of $9868 per lost ac­count, which is one of the high­est across WA.

Th­ese de­tails are con­tained in West­pac’s 2015 Lost Su­per Re­port, along with a com­par­i­son with the amount peo­ple col­lect through hold­ing a garage sale or sell­ing un­wanted items on­line.

“Our re­port shows that Aus­tralians could go to a great deal of ef­fort to make some ex­tra money, with the av­er­age ‘quick buck’ scheme mak­ing just un­der $250,” West­pac gen­eral manager of re­tail bank­ing Gai McGrath said.

“How­ever, you could find thou­sands more by spend­ing five min­utes look­ing for lost su­per.”

Su­per­an­nu­a­tion ac­counts could be con­sid­ered lost if no money has been added for 12 months and your fund does not have your cur­rent ad­dress, or if the bal­ance has not been added to for five years. West­pac of­fers free as­sis­tance.

“Over the past year alone, the West­pac Group has helped more than 13,000 cus­tomers find su­per they have lost track of,” Ms McGrath said.

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