$179 million of lost super waiting to be claimed in Hotham
Simon Crean is encouraging residents of the Hotham electorate to look for their lost super.
"The latest figures from the Australian Taxation Office show there is $179 million in lost superannuation belonging collectively to the residents of Hotham spread over 36,000 lost accounts," Simon Crean said.
The Government is making it easier for Australians to be reunited with their lost super so they can make the most of their savings for the future.
A lost super search is as simple as visiting SuperSeeker and entering in your Tax File Number (TFN). To create a secure login and manage your super accounts, you'll need more information to verify your identity.
To make it easier to be reunited with your super in the future it is a good idea to make sure your super fund has your tax file number. You can check if your fund has your Tax File Number (TFN) by looking at your member statement.
Simon Crean said the Government is also helping Australians enjoy more money in retirement by boosting the super of Australians earning less than $37,000 by up to $500.
The Super Guarantee rate is increasing from 9 per cent to 12 per cent and the upper age limit to Super Guarantee eligibility is also being removed.
These improvements are designed to ensure the super system is helping grow and protect the retirement savings of all Australians.
