The billions in super Australians could be missing out on

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More than $1.1 billion in unpaid superannuation has been returned to Australian workers over the past year, but millions of Australians may still be missing money they are legally…

More than $1.1 billion in unpaid superannuation has been returned to Australian workers over the past year, but millions of Australians may still be missing money they are legally owed.

New figures from the Australian Taxation Office (ATO) show that the money was returned to the super accounts of more than 900,000 Australians.

The ATO also collected more than $1.1 billion in Super Guarantee Charge liabilities, up from $795 million in the previous financial year.

The enforcement action is encouraging, but the scale of unpaid super remains in the billions of dollars a year, Super Members Council CEO Misha Schubert said.

"Returning more than $1 billion in unpaid super to Australians is welcome progress. This is money owed to working Australians that is finally being paid to them," Schubert said.

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"With workers still losing an estimated $6.3 billion in unpaid super a year, there is much more work to do. The onus should not be on everyday Australians to chase the super they are legally owed."

The council estimates that 3.4 million Australians were underpaid $6.3 billion in superannuation during 2023-24, with affected workers missing out on an average of about $1,850 each.

Despite the ATO recovering more than $1.1 billion, the council's analysis suggests it recovers only one in every six dollars of unpaid super and returns it to workers.

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