There's 14 billion reasons why you might be interested...

Barry Leddicoat

A STAGGERING $14 billion in lost super is still waiting to be claimed, according to new figures released by the Australian Taxation Office (ATO).

Assistant Commissioner John Shepherd says that of particular concern are the billions of dollars sitting in super accounts where funds have lost contact with the owner.

"There's over $6 billion of super sitting in accounts where funds have not been kept up-to-date with changes to personal details," said Mr Shepherd.

"It's easy for this to happen because when people get married or move house, the last thing on their mind is updating their name and address details with a super fund."

"It is also important to make sure your super fund has your tax file number, this will allow us to display your super accounts online and help reunite you with your super," he said.

An additional $8 billion in super is sitting in accounts that have not received a contribution in five years or more.

"More than 40 per cent of super account holders have more than one account.

"Many of these additional accounts have not received a contribution for quite some time, and those with small balances can be eroded by super fund fees and charges." said Mr Shepherd.

"We see many people failing to take advantage of their ability to choose a fund when they start a new job. Instead, they end up opening up a new account with a different fund each time they change jobs."

To check if you have any lost or ATO held super accounts by creating a myGov account and linking to the ATO.

Since 1 July 2014, the ATO have already helped Australians consolidate 49,000 super accounts online.

"After you've electronically lodged your tax return, it only takes a minute to use SuperSeeker and check out whether you have any accounts that can be rolled into your main one," said Mr Shepherd.

"Using SuperSeeker's simple online form you can also roll super accounts that you no longer need into one and in most cases it only takes three days for a fund-to-fund transfer."

Find out how much lost and unclaimed is in your postcode at

For more information and statistics about lost and unclaimed super at

Visit for more advice on how to track down lost and unclaimed super.

Topics:  editors picks lost super super superannuation

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Snitz sizzles to win qualifier with ease

IN FULL FLIGHT: Brisbane jockey Robbie Fradd streaks clear to win the $150,000 NRRA Country Championships qualifier on board Snitz, trained by Matt Dunn, at Clarence River Jockey Club.

SHORT priced favourite sends everybody home happy.

Ballina Players brings popular military drama to the stage

ON STAGE: John Rado as Colonel Nathan Jessep and Dylan Wheeler as Lt Daniel Kaffee in the Ballina Players production of A Few Good Men.

Tickets are on sale for their new production of A Few Good Men

Triumph of dreams ... it all started with one bike

A CLASSIC: Meerschaum Vale's Col McAndrew with his Triumph 1956 Speed Twin which he will show at the Northern Rivers Classic Motorcycle Club's Show and Shine at Alstonville Plaza on March 18.

Col has six classic bikes; 100 expected at show

Local Partners