• Super accounts data overview

    Super accounts held by each Australian

    At 30 June 2017, over 14.8 million Australians had a super fund account. Approximately 40% of these people have more than one super account.

    Note: Figures are based on member data reported by funds to us for the year ending 30 June 2016.

    Number of super accounts

    Percentage of individuals by number of accounts held, and the percentage of males/females

    Number of accounts

    Total individuals

    Male 

    Female

    1 account

    60%

    51%

    49%

    2 accounts

    25%

    52%

    48%

    3 accounts

    9%

    54%

    46%

    4 accounts

    4%

    56%

    44%

    5 accounts

    1%

    58%

    42%

    6 or more accounts

    1%

    62%

    38%

    Number of super accounts by age

    Percentage of each age group holding one, two, three or more accounts

    Age

    1 account

    2 accounts

    3 or more accounts

    Under age 18

    94.85%

    4.89%

    0.26%

    18 to 25

    69.44%

    22.65%

    7.91%

    26 to 30

    59.94%

    25.38%

    14.68%

    31 to 35

    56.47%

    25.07%

    18.45%

    36 to 40

    53.00%

    25.48%

    21.53%

    41 to 45

    51.83%

    26.14%

    22.03%

    46 to 50

    52.82%

    26.85%

    20.34%

    51 to 55

    55.80%

    26.94%

    17.26%

    56 to 60

    59.98%

    26.34%

    13.68%

    61 to 65

    66.51%

    23.66%

    9.83%

    66 or more

    82.24%

    14.35%

    3.40%

    Unknown

    95.15%

    4.21%

    0.64%

    Number of super accounts by region

    Percentage holding one, two, three or more super accounts, by State/Territory

    State/Territory

    1 account

    2 accounts

    3 or more accounts

    ACT

    57.10%

    26.67%

    16.23%

    NSW

    60.43%

    24.45%

    15.12%

    NT

    52.28%

    26.82%

    20.90%

    QLD

    55.30%

    25.45%

    19.25%

    SA

    60.67%

    25.35%

    13.98%

    TAS

    61.04%

    25.14%

    13.82%

    VIC

    62.42%

    24.17%

    13.41%

    WA

    56.87%

    25.62%

    17.51%

    Unknown

    77.05%

    15.86%

    7.08%

    Trend in number of super accounts held

    Over the past 4 years, the percentage of individuals that held three or more super accounts has steadily decreased. As at 30 June 2016, a significant downward shift of three percentage points was seen for individuals holding three or more super accounts compared to the previous year.

    Number of super accounts held by individuals, 2013 to 2016

    Number of superannuation accounts

    2013

    2014

    2015

    2016

    1

    55.13%

    54.90%

    56.68%

    60.00%

    2

    25.82%

    25.91%

    25.48%

    24.53%

    3

    10.78%

    10.85%

    10.25%

    9.20%

    4

    4.55%

    4.59%

    4.21%

    3.59%

    5

    1.99%

    2.02%

    1.82%

    1.49%

    6 or more accounts

    1.72%

    1.72%

    1.57%

    1.19%

    TOTAL

    100.00%

    100.00%

    100.00%

    100.00%

    Percentage with 1 or 2 super accounts

    81%

    81%

    82%

    85%

    Percentage with 3 or more super accounts

    19%

    19%

    18%

    15%

    Lost and ATO-held super

    At 30 June 2017, there were a total of over 6.3 million lost and ATO-held accounts with a total value of just under $18 billion.

    Lost uncontactable and lost inactive accounts are still held by super funds, whereas unclaimed super money (USM) and superannuation holding accounts (SHA) special account is held by us.

    NOTE: Totals may not equal the sum of their parts due to rounding.

    To find out if any of these accounts belong to you, create a myGovExternal Link account and link to the ATO.

    See also:

    Account numbers (000s)

    Number of super accounts for both lost and ATO-held categories

    Category

    2014–15

    2015–16

    2016–17

    Fund held: Lost uncontactable

    665

    267

    257

    Fund held: Lost inactive

    727

    325

    372

    ATO-held: Unclaimed (general, small & insoluble) (see note)

    3,796

    4085

    4,599

    ATO-held: Unclaimed (temporary resident)

    776

    781

    786

    ATO-held: Superannuation holding accounts (SHA) active

    168

    194

    238

    ATO-held: Superannuation holding accounts (SHA) inactive (consolidated revenue)

    62

    64

    66

    Total

    6,194

    5,716

    6,318

    Note: The increase in unclaimed super money (USM) paid to the ATO in 2016–17 was largely due to the increase in the small lost member account threshold from $4,000 to $6,000 effective 31 December 2016.

    Account values ($m)

    Value of super accounts for both lost and ATO-held categories

    Category

    2014–15

    2015–16

    2016–17

    Fund held: Lost uncontactable (see note)

    $5,839m

    $4,723m

    $5,010m

    Fund held: Lost inactive (see note)

    $7,744m

    $6,927m

    $9,109m

    ATO-held: Unclaimed (general, small & insoluble) (see note)

    $2,008m

    $2,472m

    $3,157m

    ATO-held: Unclaimed (temporary resident)

    $571m

    $585m

    $590m

    ATO-held: Superannuation holding accounts (SHA) active

    $69m

    $91m

    $93m

    ATO-held: Superannuation holding accounts (SHA) inactive (consolidated revenue)

    $13m

    $13m

    $13m

    Total

    $16,244m

    $14,811m

    $17,972m

    Note: The increase in unclaimed super money (USM) paid to the ATO in 2016–17 was largely due to the increase in the small lost member account threshold from $4,000 to $6,000 effective 31 December 2016.

      Last modified: 09 Oct 2017QC 37783