Use Superseeker for your share of $27m in lost super

HERVEY Bay residents are missing out on their share of more than $27 million in lost superannuation, according to the Australian Taxation Office.

This includes more than 4800 lost accounts with an average value of $7759.

Many in Hervey Bay's surrounding areas also have lost super to find, with residents in nearby Bundaberg having more than $37 million across 3484 accounts.

Deputy Commissioner for Superannuation Alison Lendon said Australians were missing out on claiming their own money.

"If you found $50 in the pocket of your old coat, it would make your day. But 1.9 million Australians have an average of $8368 waiting to be found and claimed.

"Finding your lost super and rolling it into your active super fund could give your retirement savings a significant boost. And thanks to recent reforms to super, it's easier than ever to find and claim your own money," she said.

Ms Lendon said the ATO was the first port of call for residents of Hervey Bay who were keen to find their super.

"Using SuperSeeker, which is part of our online services, makes it easy to find lost and ATO-held monies," she said.

"You can register online to view all your super accounts, see details of any lost super accounts or super the ATO is holding for you, and arrange to transfer it to your preferred super account.

"What's more, if you are making a fund-to-fund transfer, it will generally now only take three working days."

Since May 31 last year any small amounts of lost superannuation of up to $2000 was transferred from super funds to the ATO, which will hold this money until claimed.

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