The Australian Taxation Office (ATO) has just released a major update that could affect millions of Australians: over $19 billion in lost and unclaimed superannuation is currently sitting in limbo. If you’ve ever changed jobs, moved house, or opened more than one super account, some of that money could be yours.
What Did the ATO Reveal?
On 29 October 2025, the ATO published a report highlighting:
- 7 million Australians have lost or unclaimed super.
- $19 billion remains unclaimed, often due to outdated contact details or multiple accounts.
Why Lost Super Matters
Lost or unclaimed super isn’t just a missed opportunity—it can have real financial consequences:
- Reduced retirement savings due to duplicated fees and missed investment growth.
- Lost insurance cover if held within inactive accounts.
- Complicated financial planning, especially if you’re unaware of all your super holdings.
What You Can Do Today
Taking control of your super is easier than you might think. Here’s how:
- Log in to your myGov account and link to the ATO to check for lost or unclaimed super.
- Update your contact details with your super fund(s) and the ATO.
- Review your super accounts—consider consolidating to reduce fees and simplify management.
- Check your insurance cover before consolidating, as some policies may be tied to specific accounts.
Should you require further information on unclaimed superannuation, please feel free to contact Peter Quinn by submitting an enquiry or calling us on +61 2 9580 9166 to book an obligation-free appointment.
The information in this document does not consider your personal objectives, financial situation or needs, so you should consider its appropriateness regarding these factors before acting on it. It is important that your personal circumstances are taken into account before making any financial decision, and it is recommended that you seek assistance from your financial adviser.