Australia’s superannuation retirement system has grown significantly in recent years, reaching A$2.1 trillion in total assets as of June 30. The system is designed to provide employees with retirement savings via mandated contributions from both employers and participants. Self-managed accounts have grown as tax advantages make them attractive savings options, particularly for more-well-off investors.
Sources: Bloomberg LLP, Australian Prudential Regulation Authority
Compiled and designed by Charles McGrath and Gregg A. Runburg