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

Get in quick for remaining drought assistance

01st February 2021

There are still a number of measures available to those affected by drought! Take a look at our snapshot... Read More

COVID19 Stimulus 2021 Update: the latest on what you need to know

01st February 2021

JobKeeper extension 2   https://www.ato.gov.au/general/jobkeeper-payment/ Period: From 4 January 2021 to 28 March 2021 Eligibility: Must meet actual decline in turnover test... Read More

Significant changes made to the JobKeeper 2.0 package

01st February 2021

JobKeeper 2.0 turnover tweak and change for the start date for employees, with those hired as of 1 July... Read More

Introducing three new Partners to our leadership team

29th January 2021

While the last year has certainly been challenging in many ways with the unforeseen disruption caused by the Covid-19... Read More