$40 million in lost super still waiting to be claimed
GLADSTONE residents are being encouraged to spend some time over Easter checking to see if they have lost superannuation
QSuper CEO Rosemary Vilgan said while the amount of lost super had decreased since this time last year, there was still a staggering amount that belonged in the nest eggs of Queenslanders.
"According to ATO data, Gladstone residents have claimed around $2 million in lost super since this time last year, returning the money to where it belongs and improving their super balance," Ms Vilgan said.
"But there is still more than $40 million in local super waiting to be claimed.
"This amount is staggering and is part of $2.7 billion dollars of lost super that belongs to Queenslanders," she said.
Ms Vilgan said a simple search for lost super could unearth thousands of dollars and make a real difference to retirement outcome.
"Anyone who has had more than one job in the last 10 years and hasn't rolled over their super could have lost funds waiting for them," she said.
"The easiest way to find out is to use the free SuperSeeker service provided by the ATO. The information you'll need to get started is your tax file number, name and date of birth.
"If you do find some lost super you can use the application form on the ATO's website to claim your funds," she said.
Lost super is when a fund cannot contact a member, normally because they have changed their name, address or employment.
Super can also become lost when a member has met an eligibility requirement to withdraw their money, but the fund is not able to contact them.