Super stats: How does your superannuation compare?
Australian Finance Podcast
Levers to improve super balances
Gemma outlines three levers: contributions, fees & insurance, and investment settings for all life stages.
How does your super really stack up? Average vs top 10% super balances explained.
In this episode of The Australian Finance Podcast, Gemma Mitchell and Owen Rask break down the latest Australian superannuation statistics and answer the question so many people quietly worry about: Am I behind on super?
This episode cuts through the averages, explains what the numbers actually mean, and gives you practical ways to improve your superannuation position whether you’re behind, on track, or already ahead.
If you enjoyed this episode of The Australian Finance Podcast, make sure you hit follow on Apple, Spotify, YouTube, or wherever you listen.
Want help sorting your super or retirement plan? Explore the free resources and advice links below.
Topics Covered
– What you ‘should’ have in super by age
– What places you in the top 10% of super balances
– Why average super figures can be misleading
– Median vs average: what really tells the story
– Career breaks, part-time work & super outcomes
– “Comfortable retirement”: what it really means
– Why context matters more than general rules
– Inflation & changing retirement income targets
– Top 10% super balances by age – and how to use the data
– Why top 10% doesn’t mean “set”, and being behind doesn’t mean “failed”
For those behind on super:
– Contributions: how small boosts can grow
– Fees & insurance: hidden costs that add up
– Investment settings: don’t go too conservative too soon
For those ahead on super:
– Does “comfortable” reflect the life you want?
– Check your insurance is still right for your needs
– When building assets outside super makes sense
Key takeaway:
Understanding where you sit can be motivating – but what matters most is what you do next.
Resources for this episode
Rask Retirement Academy (free)
What is a comfortable retirement? – ASFA
APRA Quarterly Super Report (June 2025)
Gemma’s book – The Money Reset
Ask a question or give us feedback
Show partner resources
Join Pearler using code “RASK” for $15 of Pearler Credit
Get 50% off your first two months using PocketSmith
View Betashares range of funds
Rask resources
Follow us on social media:
Instagram: @rask.invest
TikTok: @rask.invest
DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg
Learn more about your ad choices. Visit megaphone.fm/adchoices
The AI-powered Podcast Player
