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.

Topics:  ato australian tax office finance money superannuation

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