The Australian Taxation Office has revealed that more than seven million people are losing money every day due to lost or unclaimed superannuation accounts. The tax authority is urging individuals to check their super, as the latest data shows that $19 billion remains unclaimed across more than seven million accounts. But what exactly is unclaimed super, and how can you claim yours? Listen to SBS Punjabi’s conversation with Deepika, a financial expert, to find out.
According to ATO, an average amount in lost or unclaimed accounts is $2,590, which could grow to tens of thousands by retirement.
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