{"id":109348,"date":"2026-02-23T11:31:00","date_gmt":"2026-02-23T00:31:00","guid":{"rendered":"https:\/\/en.econostrum.info\/au\/?p=109348"},"modified":"2026-02-22T22:54:04","modified_gmt":"2026-02-22T11:54:04","slug":"australias-lost-superannuation","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/au\/australias-lost-superannuation\/","title":{"rendered":"Australia’s Lost Superannuation: How $21 Billion Could Be Waiting For You"},"content":{"rendered":"

Over $21 billion in superannuation is sitting in forgotten accounts across Australia, and it\u2019s time to see if any of it belongs to you. Millions of Aussies have lost track of their super, whether from changing jobs or moving house. But don\u2019t worry\u2014there\u2019s a simple way to find it.<\/p>\n

What\u2019s Happening with Australia\u2019s Lost Super?<\/h2>\n

The Australian Taxation Office (ATO)<\/a> has been working hard to reunite Australians with their lost super, helping more than 360,000 people recover about $600 million in just seven months. While the average amount of lost super is $2,950, some people have had much bigger windfalls. For example, a Melbourne man in his 70s discovered more than $100,000 sitting untouched in a forgotten account, and a woman in regional Queensland had a staggering $500,000 waiting for her.<\/p>\n

Assistant Treasurer Daniel Mulino emphasized that Australians work hard for their super, and the government wants to ensure people can access what\u2019s rightfully theirs. “That\u2019s why the government has introduced laws to support Australians making an informed choice about their superannuation when starting a new job,<\/em>” he said to Yahoo Finance<\/a>. If you\u2019ve changed jobs or moved around a bit, it’s possible that your super could be hiding in an account you forgot about.<\/p>\n

How Can You Track Down Lost Superannuation?<\/h2>\n

Finding lost super is easier than you might think. To get started, simply log into your myGov account, connect it to the ATO<\/a>, and use the lost super search tool. If the funds are hard to access, the balance can be transferred to the ATO until it\u2019s claimed. The ATO keeps track of super funds that haven\u2019t received contributions for 12 months or more. After five years without contributions, they\u2019ll report the account as unclaimed.<\/p>\n

Super funds are required to notify the ATO if they can\u2019t contact you or if there\u2019s been no activity in your account. The good news is that you don\u2019t have to wait for the ATO to find you\u2014take charge and search for any lost super yourself.<\/p>\n

Why Should You Care About Lost Super?<\/h2>\n

You might be thinking, “Why does it matter?” Well, super is a crucial part of saving for retirement, and that forgotten money could be more important than you realize. Let\u2019s face it\u2014living off the age pension alone might not cut it. By tracking down lost super, you could add a significant chunk to your retirement savings, giving you more financial freedom in the future. Plus, it\u2019s money you\u2019ve already earned, so why not claim it?<\/p>\n

If this sounds like something you\u2019ve been putting off or just didn\u2019t know about, now\u2019s the time to take action. Go online, check your lost super, and get back what\u2019s rightfully yours. Whether it\u2019s a few thousand dollars or a small fortune, every little bit helps when it comes to securing your future. After all, it\u2019s your money\u2014don\u2019t let it just sit there.<\/p>\n

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The Australian Taxation Office has launched a checklist designed to guide employers through a generational change to the superannuation system. https:\/\/t.co\/9aM8Eo4EaV<\/a><\/p>— SmartCompany (@SmartCompany) January 28, 2026<\/a><\/blockquote>