Quarterly superannuation performance statistics highlights - September 2025

Superannuation

Highlights

Key statistics

-September 2024September 2025Year-on-year change
Total superannuation assets ($bn)4,082.34,466.5+9.4%
Total APRA-regulated assets ($bn)2,829.73,151.5+11.4%
Total self-managed super fund assets ($bn)1,023.71,073.4+4.8%
Exempt public sector superannuation schemes assets ($bn)171.6181.4+5.7%
Balance of life office statutory fund assets ($bn)57.360.2+5.1%

Entities with more than six members

-September 2024September 2025Year-on-year change
Total contributions ($bn)191.3215.6+12.7%
Total benefit payments ($bn) of which:                                   120.9136.2+12.7%
  • Lump sum benefit payments ($bn)
66.275.3+13.8%
  • Pension payments ($bn)
54.860.9+11.3%
Net contribution flows* ($bn)66.071.3+8.1%
Annual Rate of Return (%)13.410.1-3.3%
Five-year annualised Rate of Return (%)5.98.3+2.4%

*Net contribution flows comprise of contributions plus net benefit transfers, less benefit payments

Charts

Chart 1: Assets of superannuation entities

Bar chart showing superannuation fund values from Sept 2024 to Sept 2025 in billions. Dark blue indicates APRA-regulated funds; light blue, self-managed; green, exempt schemes; orange, statutory funds. Values hover around $4,000bn.

Chart 2: Benefit Payments

Bar and line graph showing quarterly financial data from Sep 2019 to Sep 2025. Bars indicate lump sums and pensions; the line shows total benefit payments rising.

Chart 3: Net contribution flows

Bar chart showing financial data from Sep 2019 to Sep 2025. Blue bars indicate total contributions, purple for net benefit payments, and a line for net contribution flows.

Chart 4: Five-year annualised rate of return

Line graph displaying percentage changes from 2020 to 2025 by quarter, showing initial rise, mid-period drop, and recovery peaking above 8% in 2025.

Footnotes

    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 $10.6 trillion in assets for Australian depositors, policyholders and superannuation fund members.