Superannuation becoming Australians’ biggest asset

Superannuation is becoming a larger part of our asset base

The most recent Household, Income and Labour Dynamics Australia (HILDA) report included some interesting observations in regards to Superannuation that indicated it was becoming a larger part of our asset base.

The average Superannuation balances have increased substantially over the last decade or so, this occurred for those with below average balances, those in the top 10% of balances and those with balances in between.

The gap between the haves and have nots remains larger than would be desirable, and there is still a significant gap in the averages between the superannuation balances of males and females.

The increases in the minimum contribution rate, coupled with Superannuation earnings and drawdown now being tax free has seen many Australians direct much larger savings to Superannuation compared to previous generations.

With many of us being priced out of the property market, the HILDA report noted that amid falling levels of home ownership, superannuation is rapidly becoming the most important asset in a household’s wealth portfolio.  The report also predicts that Super could overtake the family home as our main asset by 2029.

Despite the fact that Australians are saving more than ever into Superannuation, it is still common for many to have very little (if any) involvement in their superannuation investment strategies.

Unfortunately, Superannuation isn’t treated with same diligence as the rest of our money.  Perhaps the fact we can’t access our funds leads to us not valuing the money the same as our other assets.

According to the ATO, 45% of people have more than one super account; although some of these will have more than 1 account for justifiable reasons, it is likely the vast majority have no reason for having multiple accounts.


Compulsory contributions will result in most of us accumulating significant assets in Superannuation.  The sooner we start taking an active role to ensure that we end up with appropriate strategies - the better our financial future.

Author; Alex McKenzie Categories: Future Financial Services Blog

About the Author

Alex McKenzie

Alex McKenzie

Owner at Future Financial Services


  • Paraplanner at Zammit Partners Investments
  • Unit Trust Administrator at Colonial First State


  • University of Western Sydney
  • Penrith High


As a Financial Planner I help people to achieve what they would like in life. This involves helping you to identify the things in life they would like , developing plans to help achieve them and strategies to protect what you already have. We do this by providing Financial Advice to guide you through your life stages.

The financial planning process involves determining a clients current situation and financial objectives and tailoring strategies to assist in best achieving those objectives.

I am an expert in superannuation, investments and insurance, these are tools we use to help you achieve your goals.

I aim to use my knowledge of superannuation, taxation and Centrelink to efficiently use your assets and income to achieve your financial goals.

Retirement and pre-retirement planning, wealth creation, asset protection, insurance planning and estate planning are all areas of advice that I provide.

Leave a comment

You are commenting as guest.