February 20, 2023
Data released by a Queensland-based fund have revealed residents in the Yarraman area have the highest superannuation balances in the region.
Brighter Super (formerly LGIAsuper and Energy Super) released its comparative figures last week.
They showed that Brighter Super members in the 4614 postcode (ie. Yarraman, Upper Yarraman and Neumgna) hold an average balance of about $313,635.
In comparison, data for other local postcodes are:
- 4605 – $92,861
- 4606 – $175,650
- 4610 – $261,771
- 4615 – $239,607
- 4402 – $260,798
The Australian Tax Office has reported the average total balance of all Australian superannuation account holders in the 2019-2020 financial year was $145,388
Brighter CEO Kate Farrar said one of the easiest ways for residents to boost their balance was by checking for lost or unclaimed super.
“Lost and unclaimed super means your hard-earned money is not in your account, and you may be paying multiple sets of administration fees and premiums, eroding your balance,” she said.
People who think they may have lost or unclaimed superannuation can call the ATO on 13-10-20.
