WA Super News

1 in 2 Aussies have lost super. Find yours today.

12/07/2018

Right now there's billions in lost super sitting around unclaimed.

With more than 31 million super accounts in Australia today, and an average of 1.5 accounts per person there is a good chance you have money in an account you may have lost track of that we can help you get reunited with.*

How does your suburb stack up?

According to the Australian Taxation office (ATO), below are the top 10 Western Australian suburbs ranked by the number of lost and unclaimed super accounts held by them as at 30 June 2017.

Lost super & unclaimed super

Suburb

Number of accounts

Value of accounts

Mandurah region

11,759

$47,596,304

Armadale region

9,457

$34,169,281

Bibra Lake/Coogee region

8,736

$40,188,631

Wanneroo region

8,572

$40,243,806

Cockburn/Beeliar region

8,543

$40,345,996

Midland/Swan Valley region

7,709

$34,039,017

Bunbury region

7,327

$29,335,647

Cannington region

7,060

$25,387,466

Gosnells region

6,918

$27,617,874

Joondalup region

6,819

$36,277,260


A full list of lost and unclaimed super by  postcodes is available here. Unlike finding your lost wallet, finding and combining your super is simpler than ever before with our new tool available in our member online portal. 

WA Super member, Mike, who had lost track of which fund held his previous super account, recently used WA Super’s new “Find and Combine” tool and found  $60,000. He said “it was an invaluable service that was quick and very easy to use.”

WA Super’s new online search tool can be used to find two types of super:

  • ATO held monies – ATO held monies include amounts paid by employers, super funds or the government on your behalf that need to go into your super account. If the ATO cannot locate an account for the monies to transfer to, they will hold it for you. 
    According to the ATO, there's over $18 billion in lost and unclaimed super accounts. Some of this could be yours, especially if you've held more than one job or changed your name or address.

  • Other superannuation accounts you may have - If you've worked for multiple employers, you may have several super accounts and are probably paying more fees than you need to.

Find and combine your super in six easy steps and it takes less than 2 minutes.

  1. Go to www.wasuper.com.au and log in to Member Online.

  2. Click on the Find and Combine button.

  3. Enter the one-time pin that will be sent to your email or mobile.

  4. Press submit and your results will be displayed.

  5. If you agree, ATO held monies will be automatically transferred to WA Super and you can choose which other funds you want to transfer in.

  6. Click on the accounts you want transferred to WA Super. Please note if you have insurance on any accounts and you want to rollover the insurance as well, then please contact us before combining your accounts.

Source: *Australian Tax Office

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