How many forgotten super accounts are dormant in Australia?

There are an estimated seven million dormant superannuation accounts across Australia.

How much money has the ATO reunited with Australians from lost super?

The ATO has reunited $600 million with 360,000 Australians in the past seven months from lost super accounts.

When will employers be required to pay superannuation on every payday?

Employers will be required to pay superannuation on every payday starting July 1.

Home / Business and Economy / Millions in Dormant Super Awaiting Aussies

Millions in Dormant Super Awaiting Aussies

23 Feb

•

Summary

Seven million forgotten super accounts are lying dormant across Australia.
The ATO has reunited 360,000 Australians with $600 million in lost super.
New laws mandate employers pay super on every payday starting July 1.

Millions in Dormant Super Awaiting Aussies

Millions of Australians risk missing out on substantial retirement savings, as an estimated seven million superannuation accounts remain dormant. While many lost accounts contain modest sums, exceptional cases highlight significant forgotten wealth, including one Melbourne man who discovered over $100,000 and a Queensland woman with more than $500,000. The Australian Taxation Office (ATO) has been actively reuniting citizens with their missing funds, having returned $600 million to 360,000 individuals in the last seven months.