More Australians are collecting unclaimed superannuation
MORE than $21 billion was given back to Australians in lost and unclaimed superannuation in 2011-12, according to the Australian Taxation Office.
The ATO annual report was tabled in parliament on Monday, revealing 1.1 million lost and unclaimed accounts worth $3.2 billion, were claimed during last financial year.
It was the first time the amount of lost super had declined, rather than increased, after reaching a peak of $21 billion to June 30.
But there was still about 6.1 million accounts, valued at about $17.7 billion, in unclaimed super available for waiting Australians.