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  • Super accounts data overview

    Super accounts held by each Australian

    At 30 June 2018, over 15.6 million Australians had a super fund account. Approximately 39% 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 2017.

    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

    61%

    51%

    49%

    2 accounts

    25%

    52%

    48%

    3 accounts

    9%

    54%

    46%

    4 accounts

    3%

    56%

    44%

    5 accounts

    1%

    58%

    42%

    6 or more accounts

    1%

    61%

    39%

    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

    18 and under

    94.42%

    5.26%

    0.32%

    19 to 25

    69.25%

    22.98%

    7.77%

    26 to 30

    62.06%

    24.88%

    13.06%

    31 to 35

    58.97%

    24.77%

    16.26%

    36 to 40

    54.99%

    25.36%

    19.66%

    41 to 45

    52.83%

    26.12%

    21.05%

    46 to 50

    52.75%

    27.02%

    20.23%

    51 to 55

    55.17%

    27.17%

    17.66%

    56 to 60

    59.16%

    26.65%

    14.20%

    61 to 65

    65.57%

    24.10%

    10.33%

    66 or more

    82.07%

    14.35%

    3.58%

    Unknown

    95.16%

    4.06%

    0.77%

    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

    56.43%

    27.25%

    16.32%

    NSW

    60.96%

    24.57%

    14.47%

    NT

    53.35%

    26.76%

    19.89%

    QLD

    56.45%

    25.29%

    18.26%

    SA

    60.51%

    25.63%

    13.85%

    TAS

    62.34%

    24.57%

    13.09%

    VIC

    63.21%

    24.04%

    12.75%

    WA

    58.42%

    25.39%

    16.19%

    Unknown

    77.71%

    15.61%

    6.68%

    Note: Unknown refers to invalid addresses and accounts with overseas address

    Trend in number of super accounts held

    Over the past four years , the percentage of individuals that held three or more super accounts has steadily decreased. As at 30 June 2017, 15% of the population have three or more accounts which is a 4% drop since 2014.

    Number of super accounts held by individuals, 2014 to 2017

    Number of superannuation accounts

    2014

    2015

    2016

    2017

    1

    54.90%

    56.68%

    60.00%

    60.80%

    2

    25.91%

    25.48%

    24.53%

    24.49%

    3

    10.85%

    10.25%

    9.20%

    8.95%

    4

    4.59%

    4.21%

    3.59%

    3.37%

    5

    2.02%

    1.82%

    1.49%

    1.35%

    6 or more accounts

    1.72%

    1.57%

    1.19%

    1.03%

    TOTAL

    100.00%

    100.00%

    100.00%

    100%

    Percentage with 1 or 2 super accounts

    81%

    82%

    85%

    85%

    Percentage with 3 or more super accounts

    19%

    18%

    15%

    15%

    Lost and ATO-held super

    At 30 June 2018, there were a total of over 6.2 million lost and ATO-held accounts with a total value of $17.5 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

    2017–18

    Fund held: Lost uncontactable

    665

    267

    257

    257

    Fund held: Lost inactive

    727

    325

    372

    323

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

    3,796

    4085

    4,599

    4,571

    ATO-held: Unclaimed (temporary resident)

    776

    781

    786

    790

    ATO-held: Superannuation holding accounts (SHA) active

    168

    194

    238

    273

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

    62

    64

    66

    66

    Total

    6,194

    5,716

    6,318

    6,280

    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

    2017–18

    Fund held: Lost uncontactable (see note)

    $5,839m

    $4,723m

    $5,010m

    $5,249m

    Fund held: Lost inactive (see note)

    $7,744m

    $6,927m

    $9,109m

    $8,247m

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

    $2,008m

    $2,472m

    $3,157m

    $3,337m

    ATO-held: Unclaimed (temporary resident)

    $571m

    $585m

    $590m

    $595m

    ATO-held: Superannuation holding accounts (SHA) active

    $69m

    $91m

    $93m

    $105m

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

    $13m

    $13m

    $13m

    $13m

    Total

    $16,244m

    $14,811m

    $17,972m

    $17,546m

    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: 11 Oct 2018QC 37783