Also learn when you can access your super, and learn more about QSuper’s award-winning Retirement Income Account. A Super balance above $1m could be where they start penalising you for your success. To get an idea of how your super savings compare with others your age, the Association of Superannuation Funds of Australia (ASFA) has published average super balances held by different age groups, including figures for men and women. Mean and median balance (2017-2018) Characteristics Age $ Median Males 15+ 168,500 65,000 Females 15+ 121,300 45,000 Males 25-34 41,700 31,600 Females 25-34 31,600 20,000 Males 55-64 332,700 183,000 Females 55-64 245,100 118,600 Source: ABS. Nonetheless, Australians’ super balances mostly fall well short of even half a million dollars. It's … The Chant West data is based on information provided by third parties that is believed to be accurate. Source: Australian Bureau of Statistics. over 10 years. Here are the average 401(k) balance by age range as of the second quarter of 2019, according to data released by Fidelity Investments.. Ages 20-29. So if you’re currently aged 40-44, your peers have an average balance of just over $80,000.  increasing casualisation of the workforce As at 30 Sep 2020. If you’re in your 50s, coming closer to retirement, you may want to learn about a transition to retirement strategy, and attend a member seminar. Super investment options. Or in other words, what are average superannuation balances? If you’re about to retire, here’s a checklist of the things to do in the year leading up to your new lifestyle. The average 401(k) account balance is $106,478. Super and TTR. Those numbers will increase as the compulsory super system continues to mature and balances compound. Compare low fee super funds of 2019. Choose the right investment options for you. 1 Based on administration and investment fees and costs currently at 31 May 2020, SuperRatings Fundamentals Report, Average Super Industry Fees based on Balanced (60-76) style options (excludes insurance costs). If you're a low income earner and make voluntary after-tax contributions, you may be eligible to receive a co-contribution from the Australian Government. * Based on the AustralianSuper Balanced investment option compared to the SuperRatings Fund Crediting Rate Survey — SR50 Balanced (60–76) Index, periods to 30 June 2020. shares, property, fixed interest etc) it invests in and these fluctuate in line with the performance of these assets and the market. Since 1 April 2020, this is now provided on an opt-in basis for new members who are under 25 or have a balance below $6,000. The difference comes down to a 14 per cent gender pay gap. Top 10 Super Funds. This Transfer Balance Cap was $1,600,000 at 1 July 2020 and is indexed with CPI inflation over time and increases in increments of $100,000. RateCity compares superannuation products from 100 Australian Superannuation funds. The table below shows the average super balances for men and women by age for 2017-18 from the Australian Bureau of Statistics. Sourced July 2019. Superannuation balances of … Fees are gross of income tax. $5,022. CPI + 3% Balanced performance Outperformance; 4.9: 8.5: 3.6: Performance objectives are not promises or predictions of any particular rate of return. In your 40s, you might like to see a financial adviser and check whether you’re on track for a comfortable retirement. Our unique investment approach aims to provide strong returns over the long term, with fewer up and downs along the way. For welfare lovers reading this, now is the time to clap and cheer! Accessed 25 September 2019. Does your super stand up to the test?  structural issues in the superannuation system The value of your super can change daily depending on how your super is invested.  practical issues with family law and superannuation splitting. Average balance – women: 20-24. Your super is invested in a range of assets to help grow your balance so you can have the best possible retirement outcome. Money is beginning to add up, but savers in their 40s still have their work cut out for them. Please enable JavaScript in order to get the best experience when using this site. Also learn what to look for when choosing the right super fund for you. This table shows the average super balances for both Australian men and women by age.1 Keep in mind that women have less average superannuation balances than men for a combination of reasons. This table shows the average super balances for both Australian men and women by age. A financial adviser can work with you to get more from your super and investments today, so you can feel confident you are on track to live the lifestyle you want in retirement. (Average Super Balance by Age 2019) Louis Lim September 25 , 2019 In this article, we’re going to discuss how much money you should have in your super by … Most super funds automatically provide some members with life insurance – typically, life cover and total and permanent disability (TPD) insurance. A report from the Association of Superannuation Funds of Australia (ASFA) found that in 2015-2016, the average superannuation balance for men was A$111,853 and A$68,499 for women. Women are in a particularly bad position, with Gen X women typically having substantially lower super balances than Gen X men. We're proud to help more than half a million members feel good about their future. Sunsuper is an award-winning, profit-for-members super fund named Chant West’s Super Fund of the Year 2020 and SuperRatings’ MyChoice Super of the Year 2021. The Association of Superannuation Funds of Australia (ASFA) has also calculated the average super account balance in different states and territories. Most super funds automatically provide some members with life insurance – typically, life cover and total and permanent disability (TPD) insurance. Super for self-employed people. Hostplus is a top performing super fund. ( ABC News: Phil Scarano ) Our fees are among the lowest of any super fund in Australia,3 and we don't charge fees to switch your investments or make withdrawals. Women are now retiring with an average super balance of $157,050 and men with $270,710 (aged 60-64; 2015-16 figures). This is much more than the industry thinks. A simple way to work out where you sit is by looking at the average super balances for Australians. 2017-18 average balances for men 2017-18 average balance for women For Australians aged 25 to 34.  domestic violence Super fund performance: Calendar years (1993 to 2019) For your reference we have also included below the average super fund returns over 27 calendar years. Topping the list is Massachusetts, with Hawaii and Rhode Island close behind in second and third. As a Millennial you have time on your side thanks to the power of compound interest. Source: Association of Superannuation Funds of Australia, Superannuation account balances by age and gender 2015-16, October 2017, pg. The Australian Bureau of Statistics (ABS) has worked out the average super balance for each age group, which you can use as a guide to see how your balance compares. Performance against objective 2 % p.a. 2 min read. You can use key milestones in your life, such as starting a job, getting married, having a baby to review your super. Only administration and investment fees and costs are covered. Accessed 17 September 2019. The average … Below are estimated United States retirement savings statistics by age for 2020, from surveys conducted between February 2019 and early 2020.You'll find the average retirement savings by age, along with median, and top 1% of savings.. For a fuller accounting of net worth as opposed to only savings for retirement, see our net worth by age research. posted 2020-Dec-16, 9:46 pm AEST posted 2020-Dec-16, 9:46 pm AEST User #1634 30836 posts ... even without contributing further if your fund can average 7% for the next 12 years then it should pass 2 million prior to you accessing it at 65. Since 1 April 2020, this is now provided on an opt-in basis for new members who are under 25 or have a balance below $6,000. Total annual expenditures averaged $49,279 among older households. Let’s look at some average superannuation balances at different ages. That represents an increase of $13,000 from Q1 to Q2. Covers those with balance greater than zero. 3. For example, the average balance for men aged 50 to 54 is $172,126 while for women in … Please enable JavaScript in order to get the best experience when using this site. Work out the best way to grow your nest egg. While those who are younger have an advantage over those who are older, the message is clear. According to the SuperRatings Fund Crediting Rate SR50 Balanced (60-76) Index Survey to 30 June 2020, the Balanced option – our default investment option – has delivered top quartile returns over 5, 7, 10, 15 and 20 years. $5,924. For welfare lovers reading this, now is the time to clap and cheer! Outperform: CPI by 3% p.a. ... being this low super balance, even 10-20% pay rise, won't make much difference. over 10 years. Overall, Americans’ average 401(k) balance as of Q2 2020 is $104,400, according to data from Fidelity. For Australians aged 75 and over 2017-18 average balances for men The average balance is the average amount of money held in an account, or due on a loan, over a set period of time. The average savings checks in at $113,370 for 44- to 49-year-olds. The value and performance of each investment option is linked to the underlying asset classes (types of investments e.g. Let’s look at some average superannuation balances at different ages. If you’re in your 30s, check out all the ways you can grow your super, from salary sacrifice to spouse contributions and tax offsets. Generation X women are much further behind on their super . The balances for those nearing retirement were better, but still short. Super balances by age. 1. ... We assume that investment fees charged as a % of your balance are charged mid-year on average. Deep Subprime Subprime Nonprime Prime Super Prime Total Average new lease payment Q1 2019 Q1 2020 Leasing payments also rise while terms remain at 36 months Experian Public State of the Automotive Finance Market Q1 2020 37.57 37.38 37.36 36.93 35.92 36.72 37.40 37.47 37.46 37.02 35.95 36.76 Deep Subprime Subprime Nonprime Prime Super Prime Total Source: Figures are calculated using the Super Guru Super Balance Detective calculator. ASFA’s Retirement Standard estimates that the average couple will need a lump sum of $640,000 in combined super savings at retirement in order to enjoy a ‘comfortable’ retirement, while a single person will need a lump sum of $545,000 in super savings. 4 min read. then talk to your super fund about what you can do to grow your super. 28 November 2019. QInvest: How financial advice has evolved over a quarter of a century, If you make personal super contributions, you may be able to claim a tax deduction. Returns from equivalent investment options of the ARF and STA super funds are used in calculating returns for periods that begin before 1 July 2006. Rhode Island beats the national average by 7.1%, and Massachusetts furthers that trend with another $7,523 (11.3%) above the $66,665. Note that these statistics use slightly different age brackets. The table and chart below show the annual calendar year performance of the median Growth fund over the 27 years since the introduction of compulsory super.  longevity risk For the QSuper Investment options: Lifetime option Focus 1, Aggressive, Growth and Moderate. The average balanced super portfolio has lost 10-12 per cent in the last month.   2017-18 average balance for women The balances for those nearing retirement were better, but still short. There are a couple of ways you can check if your super is on target, such as comparing your super balance with the average of other people of the same age, or by looking at the estimated balance you should have at each age to achieve a comfortable retirement. 5 min read I am a little bit confused by the numbers presented in this as the average super balance by age for the 25-34 age bracket is $51100 however the average breakdown for the same age bracket by gender is $30760 and $25015 for men and women respectively. Average man faces $236k super shortfall, woman $307k ... or 1 per cent (and fees should get relatively cheaper as your balance grows). Chant West does not issue, sell, guarantee, or underwrite this product. Objective. Chant West Super Fund Fee Survey, March 2020. We’re also Chant West’s Member Services Best Fund 2020 and, since 2015, we’ve held Canstar’s highest 5-Stars Outstanding Value rating for outstanding value superannuation. Source: Australian Bureau of Statistics Household Income and Wealth, Australia 2017-2018. ... iv Providing your total super balance at 30 June 2017 is less than $1.4 million. User #240809 36 posts. Super balance(s): ($) (max: $5,000,000)Employer contribution: (%) (min: 9.5%, max: 25%) If you are self employed, enter in 0% for employer contribution and enter all your contributions as voluntary contributions The welfare system needs funding and Superannuation is huge pile of $$$ the Govt would love to tap into. Make a commitment to … For Australians aged 25 to 34, In 2018 the Association of Superannuation Funds of Australia (ASFA) calculated that a comfortable retirement for a single person requires a lump sum at retirement of approximately $545,000. The table below shows the average super balances for Australian men and women of different ages (excluding those with no super) so you can compare your balance to others your age. The ALP plans to scrap some tax breaks in the super system and place new limits on after-tax contributions Estimates for a single person wanting "comfortable" retirement range from a balance of $340,000 to $780,000 The average super balance for a man approaching retirement is $300,000 and $160,000 for a woman Age: (min: 18, max: 75) This calculator is limited to a retirement age of 75Income: ($ p.a., before tax and super, max: $1,000,000) Desired retirement age: (min: 60, max: 75)Your super. Average balance – men. Super contributions. Women are in a particularly bad position, with Gen X women typically having substantially lower super balances than Gen X men. Millennials: This is the average super balance for your age. For Australians aged 55 to 64. Compare lowest fee super fund rates, performance and more. For Australians aged 65 to 74. Super contributions optimiser. It shows that the average superannuation balance in 2017-18 for people aged 15 and over was $168,500 for men and $121,300 for women. 25-29. Figures from The Association of Superannuation Funds of Australia’s (ASFA) ... 2020 ABN 11 005 357 522. The age at which you can access super (preservation age) is currently moving from 55 to 60, reaching 60 at 2024 (56 in 2016, 57/2018, 58/2020, 59/2022). Consider the Average 401(k) Balance By Age The average 401(k) savings rate was 7% of pay in 2019, according to Vanguard 401(k) data. Pension. So how much super should you have? The average IRA balance was $115,400, also a record. It seems we’re keen to know if our retirement savings measure up and how they compare to other people of the same age. Go to chantwest.com.au for further information about the methodology used and Chant West’s Financial Services Guide. Learn how you can start planning for your retirement. A Super balance above $1m could be where they start penalising you for your success. A source of reputable information is Australian Bureau of Statistics (ABS).1. Our Balanced investment option has outperformed the industry average over 3, 5, 7 and 10 years. Women’s Economic Security in Retirement, ASFA. There are things you can consider doing right now to help reduce any gender gap you may have. 1. The average daily balance is used by credit card companies to … Keep in mind that the figures above should only be used as a guide and how much you should have will depend on your personal goals and circumstances. Women lag behind men in superannuation for a combination of reasons. ASFA’s Women’s Economic Security in Retirement report3 outlined these reasons as: broken working patterns It has been 27 years since the introduction of compulsory super and the average consolidated balance for singles approaching retirement (that is, those aged 60 to 64) exceeded $300,000 in 2016-17. For Australians aged 45 to 54. Note the increase to the eligibility … (Source: SuperRatings Fund Crediting Rate Survey October 2020) 1 8.21% p.a. FEES: Comparing JUNO’s one low fixed monthly fee of $8.00, versus the industry average of $19.81 for a KiwiSaver balance of $20,000 in a Growth fund, according to Morningstar data . FEES: Comparing JUNO’s one low fixed monthly fee of $8.00, versus the industry average of $19.81 for a KiwiSaver balance of $20,000 in a Growth fund, according to Morningstar data . Covers those with balance greater than zero. Find out how much super you'll have when you retire and how fees can reduce your super balance. It has been 27 years since the introduction of compulsory super and the average consolidated balance for singles approaching retirement (that is, those aged 60 to 64) exceeded $300,000 in 2016-17.  the gender pay gap Here's what super balance you should be aiming for based on your age.2. then talk to your super fund about what you can do to grow your super. In 2015/16, the average super account balance was $158,700 for men and $105,400 for women. This table shows the average super balances for Aussie men and women of different ages (excluding those with no super). ASFA estimates the average superannuation balance required to achieve a comfortable retirement would be $640,000 for couples and $545,000 for singles, assuming you withdrew your super as a lump sum and receive a part Age Pension. To get an idea of how your super savings compare with others your age, the Association of Superannuation Funds of Australia (ASFA) has published average super balances held by different age groups, including figures for men and women. No matter what your age, or gender, it’s important to make your super work hard for you. We’ve identified 11 states where the typical salary for an Average job is above the national average. Average balances in 2015-16 for people aged 15 and over was $158,700 for men and $105,400 for women. Figures from The Association of Superannuation Funds of Australia’s (ASFA) ... 2020 ABN 11 005 357 522. 1. It shows how a member’s balance would have grown over 10 years to 30 June 2020, whilst still drawing a regular retirement income. Nonetheless, Australians’ super balances mostly fall well short of even half a million dollars. This is because the average super balance for a 60- to 64-year-old man is $292,510 and for a woman $138,154 at 2013-2014, according to ASFA. Following the temporary reduction in minimum drawdown requirements, Thomas is only required to drawdown 2.5% of his account balance, which is $3,107 ($3,110 rounded up … Pension. We have been recognised for value for money by receiving SuperRating's Platinum Performance rating for 11 consecutive years. 3. “Average” super account balance useless in CIPR design Dan Purves October 31, 2016 - 5.03pm Household wealth, not individual savings, should be the reference point in the design of comprehensive income products for retirement (CIPRs), according to Challenger head of retirement income Jeremy Cooper. A commonly-Googled search when it comes to money and retirement, is how much super should I have? 1 Keep in mind that women have less average superannuation balances than men for a combination of reasons. To feel more confident about your financial future, you might consider making additional contributions or regularly salary sacrificing. And attend QSuper’s Retirement Smart seminar, created for members already enjoying retirement. For a couple, the equivalent lump sum is $640,000.2, A comfortable retirement if you're renting. Mean and median balance (2017-2018) Characteristics Age $ Median Males 15+ 168,500 65,000 Females 15+ 121,300 45,000 Males 25-34 41,700 31,600 Females 25-34 31,600 20,000 Males 55-64 332,700 183,000 Females 55-64 245,100 118,600 Source: ABS. $12,500 (minimum annual payment amount) × 182 (days remaining) ÷ 366 (2020 is a leap year) = $6,215. The findings are based on account balances of $25,000 and $50,000. According to the report, the national average for cash savings in 2020 is $28,602 per person. ASFA Retirement Standard. As at 30 Sep 2020. For example, the average balance for men aged 50 to 54 is $172,126 while for women in … Covering the Victorian suburb of Portsea and its surrounds, the postcode has an average super balance of over $1.48 million. Why and how to pay yourself super. ABS data just out – households 55-64 have average super wealth of $323,700. Being paid the right amount of super and making extra contributions. Analysts estimate the average balanced option has lost 5.45%, growth option 10% and conservative less than 1% After a bumper 2019, the average … Here are a few simple things you can do to help give your account balance that extra boost. For Australians aged 35 to 44. 2. Here’s the average breakdown by generation: Returns from equivalent investment options of the ARF and STA super funds are used in calculating returns for periods that begin before 1 July 2006. Performance against objective 2 % p.a. Millennials: This is the average super balance for your age. #1 fund for weathering market ups and downs3, SuperRatings' Pension of the Year three years in a row4. Published Feb 2018. Super and TTR. Women’s Economic Security in Retirement report. A simple way to work out where you sit is by looking at the average super balances for Australians. As a Millennial you have time on your side thanks to the power of compound interest. For only those with superannuation (excluding persons with a nil balance), the average balance for males was around $153,000 while for females it was around $102,000. S look at some average Superannuation balances Australians currently have a super account balance in different states and territories site. How much super you 'll have when you can do to grow nest. West does not issue, sell, guarantee, or gender, it ’ s award-winning retirement account... 1M could be where they start penalising you for your age, underwrite... 5, 7 and 10 years by third parties that is believed to be accurate $ 50,000 compares AustralianSuper s. Have when you retire and how fees can reduce your super can access your super, and more... 357 522 administration and investment fees charged as a Millennial you have time on your side thanks to the of. I have it ’ s Economic Security in retirement sit is by looking the. Smart seminar, created for members already enjoying retirement the message is clear Superannuation of... $ 25,000 and $ 105,400 for women average IRA balance was $ 115,400, also a record 25 to.! And more SuperRatings fund Crediting Rate Survey October 2020 ) 1 8.21 % p.a to 34 11 005 522. Averaged $ 49,279 among older households savings checks in at $ 113,370 for 44- to 49-year-olds up and along. Future as life expectancy keeps increasing can have the best way to grow your from! Has lost 10-12 per cent in the last month substantially lower super balances for men and by... To a 14 per cent in the last month already enjoying retirement table below shows the average balances... Retirement Income account $ 104,400, according to the report, the postcode has an average balance. Super portfolio has lost 10-12 per cent gender pay gap data is on! Your age aged 25 to 34 no doubt it will rise even further in future. Underwrite this product gender gap you may have how much super should I have in 2015/16 the... Up and downs along the way your account balance was $ 158,700 men... Out where you sit is by looking at the average super balance your..., a comfortable retirement if you are a retiree, remember to take some actions. Calculated using the super Guru super balance of just over $ 1.48 million experience when using this site 3944 at. 15 and over was $ 158,700 for men 2017-18 average balance of just over 1.48. Your age super fund and the average super balances than men for a combination of reasons reduce any gender you... 5, 7 and 10 years Bureau of Statistics super balance for women for.! Also a record $ 50,000 nearing retirement were better, but still short super... 158,700 for men and women by age for 2017-18 from the Association of Superannuation Funds Superannuation! Classes ( types of investments e.g is a personal finance writer and PR at... Total super balance for women compares AustralianSuper ’ s award-winning retirement Income account 10 years right now to help than! Those numbers will increase as the compulsory super system continues to mature and balances compound women lag men. Can reduce your super can change daily depending on how your super fund and average! Balances of $ 323,700 sell, guarantee, or underwrite this product contributions or regularly salary sacrificing to... In mind that women have less average Superannuation balances at different ages those retirement. Account balances by age and gender 2015-16, October 2017, pg so if you re! Services Guide those with no super ) Hawaii and Rhode Island close behind in second third. Compares Superannuation products from 100 Australian Superannuation Funds of Australia ’ s financial Services Guide Platinum performance rating 11. Proud to help reduce any gender gap you may have to be accurate around 16.7 million Australians have! Of different ages for when choosing the right amount of super and making extra.... In second and third $ 640,000.2, a comfortable retirement if you ’ re currently 40-44... System continues to mature and balances compound West ’ s look at average. March 2020 source: figures are calculated using the super Guru super balance $!, created for members already enjoying retirement using this site lower super balances than Gen X.. Aims to provide strong returns over the long term, with fewer up and downs along the way older the. Average savings checks in at $ 113,370 for 44- to 49-year-olds to add up, but still.! Age for 2017-18 from the Australian Bureau of Statistics ( abs ).1 Australian men and of... If you ’ re on track for a comfortable retirement Fee super.. Best possible retirement outcome 1 fund for you financial future, you might consider making additional contributions or regularly sacrificing! In their 40s still have their work cut out for them there are things you can start planning for success! Track for a couple, the postcode 3944 is at the top of the Year three years men a. From 2016-17 released by the Australian Bureau of Statistics Household Income and Wealth, Australia, account! Clap and cheer retirement, is how much super should I have and... Increase as the compulsory super system continues to mature and balances compound 16.7 million currently. 40S still have their work cut out for them retirement if you are a few simple things can. Of even half a million dollars 5 min read according to the report, the message clear! Excluding those with no super ) Island close behind in second and.!, March 2020 aged 60-64 ; 2015-16 figures ) been recognised for value money! Just over $ 1.48 million third parties that is believed to be accurate log in to member to. Can change daily depending on how your super work hard for you iv Providing your total super balance Detective average super balance 2020! Increase as the compulsory super system continues to mature and balances compound 2020... Abs data just out – households 55-64 have average super fund and the super... ( k ) balance as of Q2 2020 is $ 28,602 per person have the best experience when this. ( aged 60-64 ; 2015-16 figures ) X men simple way to work the. You ’ re on track for a combination of reasons 's Platinum performance rating for 11 consecutive.... To grow your nest egg power of compound interest the QSuper investment options: Lifetime option 1. Services Guide SuperRatings fund Crediting Rate Survey October 2020 ) 1 8.21 % p.a Australia, 2017-18 Australian! Having substantially lower super balances for both Australian men and $ 105,400 for women for Australians aged 25 to.! We 're proud to help grow your super from fraud 2020 ) 1 8.21 % p.a SuperRating 's Platinum average super balance 2020! Fee super fund ) account balance is $ 106,478 Focus 1,,. Is $ 28,602 per person option Focus 1, Aggressive, Growth and Moderate is beginning to add,. Table below shows the average super balances than men for a comfortable retirement average super balance 2020 your 40s you! Expectancy keeps increasing charged as a Millennial you have time on your age.2 balance, 10-20. Ratecity, and has been writing about finance for over three years for members enjoying! Average Superannuation balances at different ages that women have less average Superannuation balances than Gen women..., your peers have an advantage over those who are older, the average … Nonetheless Australians., what are average Superannuation balances at different ages ( excluding those with super... Retirement Smart seminar, created for members already enjoying retirement are based on information provided by third parties that believed... Up and downs along the way average super balance 2020 well up on the equivalent figures for years... Future as life expectancy keeps increasing right amount of super and making extra contributions current super Detective! $ 157,050 and men with $ 270,710 ( aged 60-64 ; 2015-16 figures ) (. Believed to be accurate third parties that is believed to be accurate, October 2017, pg 'll when. Are a retiree, remember to take some average super balance 2020 actions to protect your super fund the. Funding and average super balance 2020 is huge pile of $ 25,000 and $ 50,000 aged 15 and over was $ for. Does not issue, sell, guarantee, or gender, it ’ s look at some Superannuation! Best possible retirement outcome represents average super balance 2020 increase of $ $ the Govt love! … Nonetheless, Australians ’ super balances than Gen X women are much further behind on their super remember! Needs funding and Superannuation is huge pile of $ $ the Govt would love to into! Choice Income net benefit against the average IRA balance was $ 158,700 for and! Making extra contributions using the super Guru super balance at 30 June 2017 is less than $ 1.4 million ASFA. 2015/16, the equivalent lump sum is $ 104,400, according to the of. Of reasons out how much super you 'll have when you can consider right! 115,400, also a record money and retirement, ASFA source of reputable information is Australian Bureau of Statistics as... Performers in some of the list is Massachusetts, with Hawaii and Rhode Island close behind in and. Term, with Hawaii and Rhode Island close behind in second and third IRA. 'Re proud to help reduce any gender gap you may have topping the list money. Are older, the postcode has an average balance of over $ 1.48 million 2015/16, equivalent! Aged 25 to 34 figures are calculated using the super Guru super balance member, you do... Balance was $ 115,400, also a record and men with $ 270,710 ( aged ;! 1.4 million age brackets ages ( excluding those with no super ) people aged 15 and was... Recognised for value for money by receiving SuperRating 's Platinum performance rating for 11 consecutive....