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Quarterly superannuation performance statistics highlights - September 2025

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.