APRA releases superannuation statistics for June 2021
The Australian Prudential Regulation Authority (APRA) has released its Quarterly Superannuation Performance publication for the June 2021 quarter.
Key statistics for the superannuation industry as at 30 June 2021:
| June 2020 | June 2021 | Change |
|---|---|---|---|
Total superannuation assets | $2,880.2 billion | $3,303.2 billion | +14.7% |
Total APRA-regulated assets | $1,930.2 billion | $2,262.7 billion | +17.2% |
Of which: total assets in MySuper products | $736.9 billion | $903.0 billion | +22.5% |
Total self-managed super fund assets | $741.9 billion | $822.0 billion | +10.8% |
Exempt public sector superannuation schemes assets | $146.9 billion | $164.2 billion | +11.8% |
Balance of life office statutory fund assets | $61.2 billion | $54.3 billion | -11.3% |
Superannuation assets totalled $3.3 trillion at the end of the June 2021 quarter. This was a 14.7 per cent increase in the value of total superannuation assets for the year ending June 2021 due to strong investment performance and positive contributions growth.
Total contributions ($127.0 billion) increased 5.0 per cent for the year ending June 2021. Over this period, employer contributions ($98.5 billion) increased 1.9 per cent, of which Superannuation Guarantee contributions ($74.1 billion) increased 4.3 per cent. Member contributions ($28.5 billion) increased 17.1 per cent, of which personal contributions ($26.5 billion) increased 17.3 per cent.
Total benefit payments ($94.4 billion) declined 5.5 per cent for the year ending June 2021. Over this period, lump-sum payments ($55.8 billion) declined 5.3 per cent, and pension payments ($38.6 billion) declined 5.8 per cent representing normalisation to pre-Early Release Scheme levels. Consequently, net contribution flows were $34.2 billion for the year ending June 2021, a 44.3 per cent increase over the previous year.
Key statistics for entities with more than four members for the year ended 30 June 2021:
| June 2020 | June 2021 | Change |
|---|---|---|---|
Total contributions | $121.0 billion | $127.0 billion | +5.0% |
Total benefit payments | $99.9 billion | $94.4 billion | -5.5% |
Net contribution flows | $23.7 billion | $34.2 billion | +44.3% |
The Quarterly MySuper Statistics for the June 2021 quarter will be released on 31 August 2021 along with the Your Future, Your Super Performance test publication, to ensure that data relating to MySuper products is released in a consistent manner.
Copies of the publication are available on APRA’s website at: Quarterly superannuation statistics.
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Contact APRA Media Unit, on +61 2 9210 3636
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For more information contact APRA on 1300 558 849.
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.