Is there lost super in your area? Compare the top ten postcodes

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Australians are putting in the hard yards to reclaim their lost superannuation, but there are still billions of dollars waiting to be claimed.

According to the Australian Tax Office (ATO), the total amount of lost super in Australia was reduced by $420 million over 2017-2018, however $17.5 billion is still out there, spread across more than 6.2 million accounts.

ATO assistant commissioner, Graham Whyte, said that over the past financial year over 530,000 active, lost and unclaimed super accounts worth almost $3.2 billion were consolidated using myGov, though there are still plenty of inactive and lost super accounts out there:

“For example, one New South Wales account has over $2.2 million waiting to be found.”

“We know that more than a third of Australians still hold two or more super accounts. While some people intentionally maintain multiple accounts, a lot of people are unaware of this, and that their super is possibly being eroded by fees.”

Top ten postcodes with the highest amount of lost and unclaimed super

Compared with last year, Mackay remained the Australian area with the most lost super. New areas included the top ten this year included Sydney and Hoppers Crossing, while Bondi and Cranbourne left the top ten. 

Postcode State Total number of accounts Total value Rank change since last year

4740– Mackay and surrounds

QLD 12,140 $60,172,250 No change

2170 – Liverpool and surrounds

NSW 13,236 $59,192,322 +1

4870 – Cairns and surrounds

QLD 15,450 $57,463,430 -1

3030 – Werribee and surrounds

VIC 10,457 $56,665,113 +1

4350 – Toowoomba and Surrounds

QLD 13,425 $53,259,353 -1

2560 – Campbelltown and surrounds

NSW 11,310 $50,193,212 No change

2010 – Surry Hills and Darlinghurst

NSW 7646 $45,659,021 +1

2000 – Sydney CBD

NSW 6520 $44,048,306 New entry

6210 – Mandurah and surrounds

WA 10,983 $43,997,603 -2

3029 – Hoppers Crossing and Surrounds

VIC 9296 $43,761,841 New entry

Source: ATO


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