• Table 11: SMSF members and non-SMSF members

    These tables show the approximate age distribution of SMSF members at 30 June 2012, along with the average and median account balances for these members as reported on the 2012 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 2012
    Average member balance as per 2012 SAR ($) Median member balance as per 2012 SAR ($)

    < 35

    5.8%

    58,013

    23,133

    35 - 49

    24.8%

    172,703

    95,806

    50 - 59

    28.7%

    444,527

    254,059

    60 - 65

    19.6%

    687,735

    434,784

    > 65

    21.2%

    802,377

    480,459

    Unknown

    0.0%

    365,437

    131,288

    Total

    100%

    502,002

    252,030

    2012 SAR member taxable income, by age range
    Age range Average taxable income Median taxable income

    < 35

    70,739

    54,880

    35 - 49

    122,507

    77,520

    50 - 59

    113,138

    66,032

    60 - 65

    80,200

    37,000

    > 65

    66,345

    28,751

    Unknown

    n/a

    n/a

    Total

    96,595

    51,927

    2012 non-SMSF member* taxable income, by age ranges
    Age ranges Average taxable income Median taxable income

    < 35

    43,827

    37,719

    35 - 49

    67,504

    54,163

    50 - 59

    65,578

    52,201

    60 - 65

    54,088

    42,685

    > 65

    50,442

    36,050

    Unknown

    42,715

    31,137

    Total

    56,410

    45,346 

    * The non-SMSF member population are those individuals, excluding SMSF members, for whom we have received a 2012 member contribution statement.
      Last modified: 16 Dec 2013QC 37999