X
  • About
  • Advertise
  • Contact
Get the latest news! Subscribe to the SMSF Adviser bulletin
  • News
  • Money
  • Education
  • Strategy
  • Webcasts
  • Features
  • Podcasts
  • Events
    • SMSF Technical Strategy Day
    • AI Summit
    • SMSF Awards
    • Australian Wealth Management Awards
  • Promoted Content
No Results
View All Results
  • News
  • Money
  • Education
  • Strategy
  • Webcasts
  • Features
  • Podcasts
  • Events
    • SMSF Technical Strategy Day
    • AI Summit
    • SMSF Awards
    • Australian Wealth Management Awards
  • Promoted Content
No Results
View All Results
Home News

Young women in the lead for super consolidation, says ATO

Women between the ages of 25 and 35 have been the most active this financial year in finding lost super and consolidating their super accounts, according to statistics from the ATO.

by Reporter
March 8, 2018
in News
Reading Time: 1 min read

Almost 190,000 Australians have found, transferred and consolidated more than $1.8 billion between 1 July 2017 and 31 January 2018, the ATO said.

Women aged between 25 and 35 accounted for more than 20 per cent of this number, with 41,702 women in this age group taking action to manage their super.

X

Assistant commissioner Debbie Rawlings said it was positive to see that almost $2 billion has been consolidated so far this financial year, but noted that this still only accounts for around 10 per cent of all lost and unclaimed super.

She said the average amount consolidated per person this financial year is almost $10,000.

“Employers have been paying super guarantee for over 25 years now, so we are talking about some significant sums, and we know that there are still more than twice as many super accounts as account holders,” Ms Rawlings said.

While the number of people with multiple accounts has been falling, she said, there are still almost 2.3 million Australians with three or more super accounts.

“Some people might choose to have more than one super account, but many Australians are still not aware that they have multiple accounts and may have lost track of accounts from previous jobs or previous addresses,” Ms Rawlings said.

Tags: News

Related Posts

‘Collective impact’ of Div 296 bill will affect all superannuation members

by Keeli Cambourne
January 27, 2026

Peter Burgess, CEO of the SMSF Association, said it is for this reason that he is hoping the superannuation sector...

Why the $3m super tax should see advisers given ATO portal access

by Keith Ford
January 27, 2026

One of the long-burning priorities for financial advisers has been gaining access to the Australian Taxation Office’s (ATO) Online services...

ASIC

WA adviser jailed for 6 years over ‘misappropriation’ of $1m of super funds

by Keeli Cambourne
January 27, 2026

The District Court of Western Australia sentenced former financial advisor, Anthony Paul Torre, to six years imprisonment, backdated to commence...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Join our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.
SMSF Adviser is the authoritative source of news, opinions and market intelligence for Australia’s SMSF sector. The SMSF sector now represents more than one million members and approximately one third of Australia's superannuation savings. Over the past five years the number of SMSF members has increased by close to 30 per cent, highlighting the opportunity for engaged, informed and driven professionals to build successful SMSF advice business.

Subscribe to our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

About Us

  • About
  • Advertise
  • Contact
  • Terms & Conditions
  • Privacy Collection Notice
  • Privacy Policy

Popular Topics

  • News
  • Strategy
  • Money
  • Podcasts
  • Promoted Content
  • Feature Articles
  • Education
  • Video

© 2026 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

No Results
View All Results
NEWSLETTER
  • News
  • Money
  • Education
  • Strategy
  • Webcasts
  • Features
  • Podcasts
  • Events
    • SMSF Technical Strategy Day
    • AI Summit
    • SMSF Awards
    • Australian Wealth Management Awards
  • Promoted Content
  • About
  • Advertise
  • Contact Us

© 2026 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited