Year 7 Mathematics

Investigating super

Table 1: The annual salaries of 25 people in one street in a new suburb of Canberra

Table 2: Individuals – Super balance, by taxable income, 2015–16 to 2016–17 financial years

Taxable incomeIndividuals
(number)
Average account balance
($)
Median account balance
($)
$18,200 or less

2,025,162

122,506

17,468

$18,201 to $37,000

2,786,488

88,221

19,788

$37,001 to $80,000

5,399,194

114,316

56,159

$80,001 to $180,000

2,025,970

241,342

139,902

$180,001 or more

409,033

582,420

279,587

No income tax return

4,028,609

72,752

10,237

Total

16,674,456

128,024

41,731

Source: ATO. Retrieved from https://www.ato.gov.au

Table 3: Individuals – median and average taxable income and superannuation account balance, 2012–13 to 2016–17 income years

Income yearAverage taxable income
($)
Median taxable income
($)
Average super account balance
($)
Median super account balance
($)
2012–13

55,228

na

94,417

28,714

2013–14

57,134

42,562

99,695

33,479

2014–15

57,878

43,236

112,738

36,820

2015–16

58,689

43,877

115,945

37,473

2016–17

59,014

44,382

128,024

41,731

Source: ATO. Retrieved from https://www.ato.gov.au

Table 4: Female – median and average taxable income and superannuation account balance, 2012–13 to 2016–17 income years

Income yearGenderAverage taxable income
($)
Median taxable income
($)
Average super account balance
($)
Median super account balance
($)
2012–13Female

43,944

na

81,656

26,746

2013–14Female

45,573

na

92,163

31,087

2014–15Female

46,870

37,041

99,057

34,199

2015–16Female

48,043

37,767

102,346

34,630

2016–17Female

48,118

37,908

114,350

38,781

Source: ATO. Retrieved from https://www.ato.gov.au

Table 5: Male – median and average taxable income and superannuation account balance, 2012–13 to 2016–17 income years

Income yearGenderMale Average taxable income
($)
Median taxable income
($)
Male Average super account balance
($)
Median super account balance
($)
2012–13Male

65,578

na

112,431

36,339

2013–14Male

67,785

na

124,556

41,684

2014–15Male

68,875

51,682

131,470

45,348

2015–16Male

69,644

52,316

134,240

45,887

2016–17Male

69,278

52,376

146,421

50,239

Source: ATO. Retrieved from https://www.ato.gov.au

 

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