Powered by momentummedia
nestegg logo
Powered by momentummedia
nestegg logo
nestegg logo

Retirement

Investors turn on super as reform lingers, markets falter

By Reporter · October 25 2018
Reading:
egg
egg
egg

Retirement

Investors turn on super as reform lingers, markets falter

By Reporter
October 25 2018
Reading:
egg
egg
egg
Market

Investors turn on super as reform lingers, markets falter

author image
By Reporter · October 25 2018
Reading:
egg
egg
egg
Market

Voluntary super contributions have reduced slightly, after reaching record highs in recent financial years, against a backdrop of ongoing reform and market volatility. 

According to data released today by superannuation research agency SuperRatings, average voluntary super contribution declined by 10 per cent over the 2017 financial year to $1,054.

However, this drop in investment is only $158 per year less than the 2008 financial year, which saw the highest average contribution of $1,212. It is also $260 more than the 11-year average.

Despite more than halving in the years succeeding the GFC, voluntary contributions have been slowly increasing. Nevertheless, it is currently unclear how the volatility of 2018 has impacted member contributions.

In spite of such fluctuations, super balances have remained ahead throughout the last decade. SuperRatings revealed last week that $100,000 invested in a balanced option account in 2008 would have grown to $193,71 by the end of September 2018. This indicates a 9.7 per cent annual return over the 10-year period, despite the volatility of the first two weeks of October seeing a loss of $2,700 for balanced option members.

Advertisement
Advertisement

In the same time frame, members with accounts 100 per cent exposed to Australian shares have seen a decrease of around $4,800.

Investors turn on super as reform lingers, markets falter
Market
nestegg logo

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article

Join the nestegg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

Join The Nest Egg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

more on this topic

Patience urged on non-concessional contribution

Patience urged on non-concessional contribution

New advocacy outlet for SMSF members

New advocacy outlet for SMSF members

simple way SMSF investors can get ahead

The simple way SMSF investors can get ahead

Rent relief

Rent relief: The 7 steps SMSFs must take

Active v passive investing SMSFs

Active v passive investing SMSFs Q&A

APRA

Super funds to be named and shamed on payment times

most viewed

Aussies puppy scammed

Scams

Puppy love sees Aussies scammed almost $300k

Aussie equities

Earn

Aussie equities aren’t all true blue

Life insurers

Insurance

Life insurers won’t falter on COVID-19 cover

The quicker and cheaper way to finalise a divorce

Expenses

The quicker and cheaper way to finalise a divorce

Listen to

Robo tech ETFs

What the heck is with robots and tech - ETFs explained

More podcasts

bryan ashenden david stratford super spot superannuation

Find super’s sweet spot

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of Nest Egg.

Read more

more on this topic

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.