Have you seen this piggy?

More than $17 billion of superannuation remained unclaimed late last year, but the government says its reforms are helping more people recover their lost money.

Superannuation Minister Bill Shorten said the amount of lost super had fallen from $20.2 billion in October 2011 to $17.4 billion in December.

The 14 per cent drop was largely thanks to government reforms in the industry, which includes a SuperSeeker website that helps people track their super, Mr Shorten said.

The average value of a lost super account is $4800.

"Some of these accounts are inactive and owners could consider consolidating them to make the most of their retirement savings and avoid paying unwanted fees," Mr Shorten said in a statement on Wednesday.

 

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