Postcodes with the most lost super

According to ATO data released in August 2016, $11.7bn is sitting in lost super accounts. Super is considered ‘lost’ when a fund is unable to contact the individual and hasn’t received a contribution to an account for 5 years.

The ATO reports that the postcode with the highest amount of lost super, totalling $49m, is the 4740 postcode in Queensland, which covers Mackay and the surrounding suburbs. In our region lost super amounts are $8.7m for Armidale, $15.8m for Tamworth and $2.2m for Glen Innes.

The ATO is encouraging people to check to see if they have lost super during tax time. You can check for lost super on the ATO website here.

Link to ATO website: https://www.ato.gov.au/Individuals/Super/In-detail/Keeping-track/Check-your-super/

Recent Articles

Inspiring Women Series

29th July 2021

An Interview Preview - with more to come! Roberts & Morrow are delighted to welcome Bernadette Garratt to our ‘Inspiring... Read More

ATO turns its attention to crypto

29th July 2021

Individuals and businesses trading in cryptocurrency and non-fungible tokens beware, the ATO is cracking down on those, not including... Read More

Employers beware: increase in super guarantee

29th July 2021

From 1 July 2021, the rate of super guarantee increased from 9.5% to 10%, businesses using manual payroll processes... Read More

Workplace giving vs salary sacrifice donations

29th July 2021

Have you made a donation either through workplace giving or salary sacrifice arrangements with your employer? If so, and... Read More