Australia's largest stock trading and investment forum Australia's #1 stock forum

Talk of a $5M Cap on Superannuation Balances., page-13

First 13 Last

geffa9

14,110 Posts.

633

13/02/22

07:52

Post #: 59535332

Originally posted by Hittman ↑

I'm GenX and my super balance will probably break the $5m level before I am 60 and I don't contribute extra to my Super.

With changes to contribution limits it will be harder for those in normal retail or industry funds to accumulate more than $5m in their Superfund, but those with an SMSF or those that take an active part in their retail or industry fund could potentially do it. A few industry funds have direct share investment options so someone that takes the time to learn and understand the share market could do well.

Age Average balance - men Average balance - women

1 20-24 $9,481 $8,051

2 25-29 $28,319 $23,773

3 30-34 $58,035 $45,968

4 35-39 $92,425 $72,098

5 40-44 $134,992 $98,572

6 45-49 $182,146 $127,687

7 50-54 $242,007 $159,188

8 55-59 $311,163 $207,254

9 60-64 $371,599 $251,409

10 65-69 $384,539 $313,050

These figures are averages and are inflated the number of very high balances.
Many could have higher balances if they took an active interest in their Superannuation Accounts rather than leave it in set and forget mode with their respective Superannuation Fund.

Expand

I have four times the size of the average for my age yet at $200,000. While I think it is a good start I have a long way to go.

2 Upvote

Top Stories

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

RCE

Recce locks in $30M to boost commercialisation across ASEAN region

MEM

Many are concerned about global falling birthrates. This diverse stock has solutions

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

First 13 Last

Talk of a $5M Cap on Superannuation Balances., page-13

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Recce locks in $30M to boost commercialisation across ASEAN region

Many are concerned about global falling birthrates. This diverse stock has solutions

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

Featured News

Featured News

	Age	Average balance - men	Average balance - women
1	20-24	$9,481	$8,051
2	25-29	$28,319	$23,773
3	30-34	$58,035	$45,968
4	35-39	$92,425	$72,098
5	40-44	$134,992	$98,572
6	45-49	$182,146	$127,687
7	50-54	$242,007	$159,188
8	55-59	$311,163	$207,254
9	60-64	$371,599	$251,409
10	65-69	$384,539	$313,050

Talk of a $5M Cap on Superannuation Balances., page-13

Top Stories

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Recce locks in $30M to boost commercialisation across ASEAN region

Many are concerned about global falling birthrates. This diverse stock has solutions

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

Featured News

Featured News