$35.8 million in lost Coffs Coast super

ONE of more than 4000 lost superannuation accounts across our region could be yours.

The 2015 Westpac Lost Super Report has revealed there is $13.4 billion in lost superannuation across Australia, with $35,824,679 to be found in the Coffs Coast Advocate's distribution area.

This includes postcodes 2448, 2449, 2450, 2452, 2453, 2454, 2455 and 2456.

Residents of postcode 2450 are especially encouraged to search for their lost super, with a local pool of $16,640,323.25 and average lost super balance of $9004, according to Westpac's analysis of the Australian Taxation Office data.

A person's super account could be considered lost if no contributions had been added to the account in the past year, or if mail by the relevant super fund had been returned by the delivery service unclaimed.

Westpac general manager of retail banking Gai McGrath said doing a super search could unlock some of the $16.6 million of unclaimed super in our region.

"The average amount of lost super (in Australia) per account is $9762.50," Ms McGrath said.

"Based on an average Australian wage, it would take nearly two years of working time to accumulate that amount of super."



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