Superannuation statistics 2025
There are 24.7 million superannuation accounts in Australia with assets totalling $4.2 trillion.
Key takeaways
- Total investments by Australian super funds were $2.74 trillion as of March 2025.
- 8% of superannuation holders make monthly contributions to their fund.
- 61% of Australians say they are not sure if they will have enough super to get by in retirement.
There are 24.7 million superannuation accounts in Australia from a total of 112 fund providers (excluding funds with less than seven members), with assets equalling $4.2 trillion. The top asset allocations across all funds are international shares (32%), Australian shares (23%) and fixed income (19%).
We used data from Finder's Consumer Sentiment Tracker, the The Association of Superannuation Funds of Australia (ASFA), APRA and the ATO to explore the state of superannuation in Australia and how Australians interact with their funds.
How much money is in superannuation?
According to the ASFA, as of March 2025 the superannuation industry holds $4.2 trillion in assets, with the majority ($3.1 trillion) held in funds with more than 6 members. Nearly a third of super assets are held by industry funds ($1.5 trillion), with self-managed super funds (SMSF) taking second place ($1.0 trillion).
What assets are super funds investing in?
Total investments by Australian super funds totalled $2.74 trillion as of March 2025.
International shares (32%) and Australians shares (23%) are the top asset allocations, followed by fixed income (19%).
How many Australians have superannuation?
According to Finder's Consumer Sentiment Tracker, 77% of Australians have a superannuation fund and a further 5% plan on opening a super account in future. Australians are more likely to have a savings account (88%), a mobile phone plan (91%) and car insurance (79%) than a super fund. This is particularly concerning for those approaching the end of their careers, with 45% of baby boomers having no super fund account.
Those living in metropolitan areas (79%) are more likely than their regional counterparts (73%) to have a super fund, and higher income earners are substantially more likely to have a super fund. Only half (54%) of Australian adults with a household income of less than $50,000 per year have a super account, compared to 88% for those earning above $100,000.
How does superannuation compare between men and women?
According to the ATO, as of the 2021 financial year, the average super fund balance for women between the ages of 65-69 was $403,038, and $453,075 for men. These figures indicate many Aussies are set to retire with substantially less than ASFA's comfortable retirement standard of $595,000.
Overall, 3 in 5 (61%) Australians say they are not sure if they will have enough super to get by in retirement, or feel they will definitely not have enough. This is up from 50% in 2023.
Gen X are the most anxious when it comes to their retirement needs, reporting they need on average $1.9 million to feel wealthy. On the other hand, baby boomers feel they only need $987,000 to feel wealthy.
How many people make additional super contributions?
According to APRA, in the 2023 financial year, member contributions to superannuation made up 30% of total contributions, and employer contributions made up the remaining 70%.
A Finder survey in November 2023 found 8% of superannuation holders make monthly contributions to their superannuation fund, and an additional 12% have made one-off contributions. Another 17% say they are planning to make additional contributions to their fund at some point in the future.
Compare superannuation funds
Sticking with an underperforming or high-fee super fund could be draining money from your retirement fund. To set yourself up to live comfortably in retirement, compare super funds with Finder.
Sources
More resources on Finder
Ask a question
More guides on Finder
-
How to make the most of the $5 trillion wealth transfer
Australian women are set to inherit the majority of the $5 trillion wealth transfer taking place over the next decade. This guide helps women over 45 understand how to manage, protect and grow their inheritance to create financial freedom and a lasting legacy.
-
Compare pension funds that give you an annual income in retirement
Compare pension funds and create a flexible, tax-effective income stream in retirement.
-
How much super should I have?
The average super balance is $154,350. Compare your super balance against the average balance for your age group to see if yours is on track.
-
Worst Super Funds
Here’s a current list of the worst-performing super funds in Australia and steps for how to switch to a better fund.
-
Retirement planning in Australia
Explore essential components of retirement planning for a secure future. Dive into the intricacies of retirement planning, covering vital elements such as investment strategies, savings goals, and risk management. Gain valuable insights to chart your path towards a secure and fulfilling retirement.
-
Best Super Funds Australia
We've analysed Australian super funds to find the best-performing super funds, the best industry super funds and the best super fund for low fees. Find the right super fund for you.
-
Ethical super funds in Australia
If you want to make sure your super balance is invested in companies that reflect your values and beliefs, check out this guide to ethical investing.
-
ING Living Super: Performance, features and fees
ING Living Super offers easy online access and a choice of flexible investment options to suit your life stage and retirement goals.
-
Superannuation for sole traders and self-employed
Self-employed super contributions are a great way to boost your retirement savings, but there are some rules. See rules for contributions and compare super funds if you're self employed.
-
Best super funds for under 18s
When you start your first job you'll need to open a bank account, a super fund and understand what your tax obligations are.