If you're wondering what your super balance should look like, it could help to compare with others your age. Knowing how much super you have now, means you can plan for how much more you need to grow your super.
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See average balance by age
See how your super measures up against your age group
Age Men ($) Women ($) <20 $4,700 $4,600 20 - 24 $17,100 $15,600 25 - 29 $44,000 $36,700 30 - 34 $82,800 $58,900 35 - 39 $130,000 $86,900 40 - 44 $177,700 $117,900 45 - 49 $233,300 $153,200 50 - 54 $281,200 $188,400 55 - 59 $341,400 $231,200 60 - 64 $401,600 $300,300 Source: Deloitte Average Balances to 30 June 2024, rounded to the nearest $100. People with zero superannuation are not included in average data.
Simple steps to help grow your super
If you’re not on track for the retirement you want, there are many ways you can grow your super. The more you add, the closer you could get to achieving financial freedom in retirement.
Do you have enough super for retirement?
Retirement needs are different for everyone. So, when planning how much super you’ll need in the future, it pays to think about the retirement lifestyle you want.
Taking time to think about your financial future means you can better plan for what’s ahead. Our super projection calculator can help you understand more about your retirement. It shows you the factors that will impact on your future balance, including how you can help grow your super with extra super contributions2.
Check how your super stacks up with our super projection calculator
Consolidate and take control
Consolidate and take control
Tracking down and consolidating your super accounts into one super fund could save you on paying multiple fees. This means more of your hard-earned savings stay working for you in your super account. Having one account also makes your balance easier to manage, by keeping all your funds in one place1.
You can track down your other super accounts and combine them into your AustralianSuper account in minutes.
Sacrifice some of your salary
Sacrifice some of your salary
When you make extra contributions to your super through salary sacrifice, you’re adding to your super before the deduction of income tax. With the super tax rate at 15% (depending on your earnings), it could be more effective to add some of your before-tax salary to your super balance. This means you could pay less tax as well as reduce your taxable income2.
Make after-tax contributions
Make after-tax contributions
You can also contribute to your super from money that you’ve already paid tax on (such as your after-tax salary, or an inheritance)2. This could mean that you may be eligible to receive a government co-contribution, depending on your total income.
Making spouse contributions
Making spouse contributions
Adding to your partner’s super can help to grow their balance, while also allowing you to save on income tax2.
You can also make ‘after-tax contributions’ to your spouse’s super, if eligible2. This means you could receive a potential tax offset of up to 18% for contributions of up to $3,000.
Contribution splitting
Contribution splitting
Subject to eligibility criteria, you can also roll over a portion of your annual before-tax contributions each year. This is known as ‘contribution splitting.’ It allows you to split up to 85% of your pre-tax contributions with your spouse. These can include employer contributions and salary sacrifice. Plus, you can also split any personal contributions that you have claimed a tax-deduction for. Bear in mind, the contributions that you make to their account count toward your contribution cap3.
Government co-contributions
Government co-contributions
By making after-tax contributions and falling into the right total income range, you could get some extra help with your balance. If eligible, you could receive government co-contributions, paid to your super account2. The co-contribution is tax free and isn’t taxed when it’s deposited into, or withdrawn, from your super account. It can be worth up to $500 pa.
AustralianSuper: putting your best interests first
Performance
AustralianSuper’s Balanced investment option has provided members with strong long-term returns over the last 10, 15 and 20 years5.
Member-first fund
AustralianSuper is a profit-to-member fund – we don’t pay profits or dividends to shareholders. This means the profits we make are for the benefit of members.
Help and advice
AustralianSuper offers educational resources and tools, webinars, and calculators at no extra cost to members. Members also have have access to a range of paid advice options from financial advisers6.
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Important information to consider
- Before making a decision to combine your super, consider any fees or charges that may apply, and the effect a transfer may have on benefits in your other fund such as insurance cover. We recommend you consider seeking financial advice.
- Before adding to your super, consider your financial circumstances, contribution caps that may apply, and tax issues. We recommend you consider seeking financial advice.
- For any personal deductible contributions, you need to have lodged a Notice of Intent to claim a tax deduction with the fund prior to requesting the contribution-split. You can only apply once to split contributions made to a particular super fund in a financial year.
- Ages 60-64. Deloitte Average Balances to 30 June 2024, rounded to the nearest $100. People with zero superannuation are not included in average data
- AustralianSuper Balanced investment option compared to the SuperRatings Fund Crediting Rate Survey - SR50 Balanced (60–76) Index to 31 December 2024. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns. Returns from equivalent investment options of the ARF and STA super funds are used for periods before 1 July 2006.
- Personal financial advice is provided under the Australian Financial Services licence held by a third party and not by AustralianSuper Pty Ltd and is not the responsibility of AustralianSuper. Some personal advice may attract a fee, which would be outlined before any work is completed and is subject to your agreement. With your approval, the fee for advice relating to your AustralianSuper account may be deducted from your AustralianSuper account subject to eligibility criteria.