Total superannuation assets increased by 2.1 per cent over the quarter to reach $4.2 trillion as at December 2024, of which $2.9 trillion was in APRA-regulated funds.
Total contributions increased by 14.8 per cent to $198.1 billion in the year ending in December 2024. Of this, employer contributions increased by 10.8 per cent over the year to $144.0 billion. Member contributions increased by 26.7 per cent over the year to $54.1 billion.
Benefit payments increased by 12.0 per cent to $124.4 billion in the year ending in December 2024. This increase was the result of lump sum payments rising by 7.8 per cent to $68.2Â billion and pension payments increasing by 17.5 per cent to $56.2 billion.
