Do you have unclaimed super funds?

Highlanders are urged to check if they have lost superannuation accounts.

Hume MP Angus Taylor said the latest Tax Office figures showed there were thousands of unclaimed accounts – worth millions - in the Hume electorate which included parts of the Southern Highlands.

Mr Taylor said there were many ways people can lose contact with their superannuation.

“This includes changing jobs, which may force them into a new superannuation fund, moving homes, or not updating their details with their superannuation fund,” Mr Taylor said.

“I encourage everyone to log onto the ATO website to check if they have any unclaimed superannuation.”

As of June 30, 2017, there were 4867 unclaimed or lost superannuation accounts in the Hume electorate.

Nationally, there were more than 6.3 million lost and unclaimed ATO-held super accounts worth almost $18 billion.

Mr Taylor said the Turnbull Government had introduced reforms that would deliver a strong and modern superannuation system benefiting all Australian super fund members.

“Our changes will ensure more than one million workers have the right to choose their own superannuation fund if they are currently prevented from doing so because of enterprise bargaining agreements or workplace determinations,” he said.

“This will help to reduce the number of multiple accounts which inevitably lead to unclaimed and lost superannuation.”

For more information or to find out how to claim lost superannuation, visit www.ato.gov.au/checkyoursuper

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