Lost super a Katherine jackpot

Claim your cash through the ATO.
Claim your cash through the ATO.

There is almost $7 million worth of lost super in Katherine.

According to the Australian Tax Office, there are 349 separate accounts holding $6,938,811 which lists Katherine as there address.

As well, there are 1679 unclaimed superannuation accounts from Katherine holding $1,308,189.

Together, Katherine’s lost super value is $8.25m.

The ATO says as at June , there are over 6.3 million lost and ATO-held super accounts with a total value of around $18 billion across Australia.

People living in the Northern Territory have around 52,000 lost and unclaimed super accounts worth nearly $220 million to find.

Assistant Commissioner Debbie Rawlings said the easiest way for people to keep track of their super, find lost or unclaimed super, or combine their accounts is by using ATO online services through myGov.

“Over the past four financial years we’ve reunited 1.68 million accounts worth $8.12 billion with the account owner, and there’s plenty more to be found,” Ms Rawlings said. “By using myGov to track down your super, the money will be transferred to your preferred fund, generally within three working days.

“More people are finding their lost and unclaimed super through our online services every year, but these figures show there are many people who still may not realise how quickly and easily they can check their super accounts.

“Once you have linked your myGov account to ATO online services, you will be able to view all your super account details, including any that have been lost or forgotten, and you can choose to claim or transfer your super online.

Alternatively you can call the ATO Super Helpline on 13 10 20 to request direct claim or transfer paper forms, or speak to your super fund.

People can lose contact with their super funds when they change jobs, move house, or haven’t updated their details with their super fund.

They may also lose track of their super from accounts established earlier in their career. While the number of people with multiple accounts has been falling, there are still almost 2.3 million Australians with three or more super accounts.”