Table 11: SMSF members and non-SMSF members

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.