Tasmanians have $218 million of unclaimed superannuation sitting in accounts, the Australian Taxation Office reports.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
The money is spread over more than 46,000 accounts and the highest amounts are registered in Launceston ($19.7 million) and Devonport ($11.2 million)
Unclaimed superannuation rose in Devonport by more than $1.2 million last year.
Assistant Commissioner Graham Whyte said the ATO had reconnected Tasmanian people with $56 million in unclaimed superannuation over the past financial year but more needed to be done.
“Our data shows that one Tasmanian account has more than $1 million waiting to be found,” he said.
Mr Whyte said people generally lose contact with their superannuation funds when they changed jobs or moved house.
He said more than one-third of Australians still hold two or more super accounts.
To view your superannuation account, visit ato.gov.au/checkyoursuper.