• 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

    Number of accounts

    Percentage of people

    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 – 24 accounts

    1%

    62%

    38%

    Number of super accounts by age

    Age

    1 account

    2 accounts

    3 or more accounts

    Under age18

    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

    State

    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%

    Percentage of individuals

    Over the past 4 years, the percentage of Individuals that held 3 or more super accounts has steadily decreased. As at 30 June 2016, a significant downward shift of 3% was seen for individuals holding 3 or more super accounts compared to the previous year.

    Number of superannuation accounts

    Percentage – Number of individuals (2013)

    Percentage – Number of individuals (2014)

    Percentage – Number of Individuals (2015)

    Percentage – Number of Individuals (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:

    * 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 numbers (000s)

    Category

    2014–15

    2015–16

    2016–17

    Fund held

    Lost uncontactable

    665

    267

    257

    Lost inactive

    727

    325

    372

    ATO-held

    * Unclaimed (general, small & insoluble)

    3,796

    4085

    4,599

    Unclaimed (temporary resident)

    776

    781

    786

    Superannuation holding accounts (SHA) active

    168

    194

    238

    Superannuation holding accounts (SHA) inactive (consolidated revenue)

    62

    64

    66

    Total

    6,194

    5,716

    6,318

    Account values ($m)

    Category

    2014–15

    2015–16

    2016–17

    Fund held

    *Lost uncontactable

    $5,839

    $4,723

    $5,010

    *Lost inactive

    $7,744

    $6,927

    $9,109

    ATO-held

    * Unclaimed (general, small & insoluble)

    $2,008

    $2,472

    $3,157

    Unclaimed (temporary resident)

    $571

    $585

    $590

    Superannuation holding accounts (SHA) active

    $69

    $91

    $93

    Superannuation holding accounts (SHA) inactive (consolidated revenue)

    $13

    $13

    $13

    Total

    $16,244

    $14,811

    $17,972

      Last modified: 22 Sep 2017QC 37783