Australians not receiving nearly $18 billion in unclaimed superannuation.

Attention all Australians! Did you know that there is an astounding $17.8 billion in lost and unclaimed super waiting for its rightful owners to claim? That's right, $17.8 billion just sitting there, waiting for someone to come and collect it. The Australian Taxation Office (ATO) is urging everyone to take a moment and check if any of this pool of money belongs to them.

According to ATO Deputy Commissioner Emma Rosenzweig, the ATO's main goal is to reunite people with their lost and unclaimed super. Since the beginning of 2021, they have already managed to reunite $6.4 billion with its owners, but there is still a staggering amount of $17.8 billion waiting to be claimed. As Rosenzweig puts it, "If you've recently changed jobs, moved to a new house, or simply forgot to update your details, you might have lost or unclaimed super." So, it's worth checking to see if any of this belongs to you.

And it's not just the working population that should pay attention. Even retirees might have some unclaimed super, with the ATO currently holding $471 million on behalf of people aged 65 or above. It's definitely worth checking, as that could make a significant difference in your retirement savings.

To start the process, all you need to do is check your super account details. You can do this easily online or by contacting your fund directly. The ATO has also introduced a five-step checking process on their website, which they claim only takes a few minutes to complete. So, there's really no excuse not to check and see if you have any lost or unclaimed super waiting for you.

For more information and to access the ATO's Super Health Check, visit their website. And if you want to stay updated on all the latest breaking news, celebrity gossip, and sports updates, be sure to follow us on WhatsApp. With no comments or algorithms, your privacy is assured, and you can stay informed without any hassle. So, what are you waiting for? Check your super and stay connected with us on WhatsApp today!

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