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Table 11: SMSF members and non-SMSF members

Last updated 19 December 2016

These tables show the approximate age distribution of SMSF members at 30 June 2015, along with the average and median account balances for these members as reported on the 2015 SAR. It also includes a comparison of SMSF members’ average and median taxable income to non-SMSF members’ average and median taxable income. The age ranges in these tables align with those as reported in APRA’s Annual Superannuation Bulletin.

This is an estimate based on Australian Business Register (ABR) data.

SMSF members and member balance by age range

Age range

% of All SMSF members
at 30 June 2015

Average member balance as per 2015 SAR ($)

Median member balance as per 2015 SAR ($)

< 25

1.0%

46,936

8,254

25 – 34

4.4%

77,738

40,634

35 – 44

13.6%

144,313

91,529

45 – 49

10.3%

239,638

145,077

50 – 54

13.0%

365,122

207,829

55 – 59

14.1%

579,594

337,849

60 – 64

14.9%

778,922

495,329

65 – 69

13.9%

912,823

560,925

70 – 74

8.4%

997,425

587,343

75 – 84

5.9%

1,032,752

596,060

85+

0.5%

900,043

486,167

Unknown

0.0%

756,054

588,042

Total

100%

598,284

291,027

 

2015 SAR member taxable income by age range

Age range

Average taxable income

Median taxable income

< 25

49,793

36,206

25 – 34

84,727

69,618

35 – 44

120,924

81,715

45 – 49

138,747

82,429

50 – 54

133,485

79,243

55 – 59

126,256

73,017

60 – 64

95,994

48,221

65 – 69

82,346

34,983

70 – 74

71,556

30,196

75 – 84

77,599

33,427

85+

119,373

52,491

Unknown

n/a

n/a

Total

107,633

58,520

2015 non-SMSF member* taxable income by age ranges

Age ranges

Average taxable income

Median taxable income

< 25

30,804

26,212

25 – 34

54,015

48,211

35 – 44

69,161

55,999

45 – 49

73,146

56,251

50 – 54

71,026

54,781

55 – 59

68,299

52,716

60 – 64

56,011

42,935

65 – 69

46,249

33,264

70 – 74

37,296

25,683

75 – 84

37,134

26,111

85+

52,590

38,534

Unknown

59,548

50,103

Total

58,576

45,441

* The non-SMSF member population are those individuals, excluding SMSF members, for whom we have received a 2014 member contribution statement.

QC81282