CQ sits on a $164m super goldmine

CENTRAL Queensland residents could be sitting on a goldmine of cash they didn't even know about, in the form of unclaimed super.

Suncorp revealed this week a staggering $164 million was sitting in unclaimed super, with the 4700 Rockhampton postcode sitting on $13.5m in lost super.

Suncorp's Head of Everyday Super Cathy Duncan said the average lost super account value in the 4700 post code was $9,509.

"Locals are unnecessarily adding to their working life by losing their super savings and leaving it with the Australian Tax Office, instead of growing their investment in their super account," Ms Duncan said.

"Based on the average Australian salary of $75,000 per year and the minimum super contribution of 9.25%, it would take over 16 months to contribute $9,509 to your super account."

Other goldmines include Gladstone with over $40m in lost super; Emerald with $18m; and Yeppoon at $13m.

"Often, people don't even realise they have unclaimed super because it is easy to lose touch with your super fund," Ms Duncan said. "If you have changed your name or address, joined a new fund or if you sign up with your employer's default fund every time you change jobs, there's a good chance you have some lost super."

A super find

Go to ato.gov.au/ and search Super to create an account

You also can do a quick search on the ATO website

You will need to provide your name, date of birth, and tax file number (TFN).



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