ATO helps return over $1bn in super

Resumen detallado

The ATO has helped return over $1.1 billion in unpaid super to over 900,000 Australians in FY26, a significant increase from $795 million in the previous financial year.

The Australian Taxation Office (ATO) has helped return over $1.1 billion in unpaid super to over 900,000 Australians in FY26, a significant increase from $795 million in the previous financial year.

This comes as close to $20 billion were reported lost or unclaimed from 12 months ago.

The introduction of Payday Super from 1 July 2026 has helped employers meet their super guarantee obligations, the ATO said, which requires employers to pay super on each payday.

Commenting, deputy commissioner Ben Kelly highlighted more frequent payments will provide employees with greater flexibility to manage their retirement savings.

"Employees also have greater visibility of their super entitlements, helping them better understand and track contributions throughout their working lives. We expect the shift to the Payday Super system will also help us identify any unpaid super earlier and take more timely action," he said.

"Every dollar of unpaid super is money that should be helping Australians build their retirement savings."

Early data also demonstrated the super ecosystem continued to operate efficiently despite higher demand under Payday Super. Encouragingly, the number of rejected contributions has fallen, even though volumes have increased and super funds have less time to process contributions, ATO said.

"Employers who have not yet moved to Payday Super timeframes should do so as soon as possible," Kelly said.

"We will continue to use the data that is reported to us to ensure employers meet their obligations and workers receive the super they are entitled to."

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