People living within the 3030 postcode have the largest amount of lost or forgotten superannuation in Victoria, new figures reveal.
According to data released by the Australian Taxation Office, $41,167,038 is sitting unclaimed across 5347 super accounts in Werribee, Point Cook and Werribee South.
The figure is the largest for any postcode in the state.
Postcode 3029, which includes Hoppers Crossing, Tarneit and Truganina, has $33,854,255 in unclaimed super.
Laverton North residents have $202,569 unclaimed, taking the overall figure for Wyndham to more than $75 million.
Assistant commissioner John Shepherd said Wyndham’s figures were part of a national trend.
“There’s over $6 billion of super sitting in accounts where funds have not been kept up to date with changes to personal details,” Mr Shepherd said.
“It’s easy for this to happen because when people get married or move house, the last thing on their mind is updating their name and address details with a super fund.”
Mr Shepherd said an additional $8 billion was sitting in accounts that had not received a contribution in five years or more.
“More than 40 per cent of super account holders have more than one account,” he said. “We see many people failing to take advantage of their ability to choose a fund when they start a new job. Instead, they end up opening a new account with a different fund each time they change jobs.”
Details: www.ato.gov.au/superseeker
