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Superannuation contributions paid to employees by their employer at a level that exceeds the minimum compulsory contributions
This is a component of employee income and has been available since 2003–04. The relevant person level data item is:
From 1 July 2002 to 30 June 2013, the superannuation guarantee rate was 9%, which then rose to 9.25% for the 2013–14 financial year, and then to 9.5% as of 1 July 2014. However some individual workplace agreements or enterprise bargaining agreements provide for employer superannuation contributions that exceed these rates. Respondents may therefore interpret this question in different ways.
Regular income from superannuation, annuities or private pensions
This is a component of 'Other income' and is available for both current income and previous financial year income. It has been collected in all previous cycles of the SIH and its precursors. The relevant person level data items are:
This is the only retirement income from superannuation, annuities and private pensions that contributes to estimates of current and previous financial year household and personal income. Irregular lump sum withdrawals are not included in this measure of income.
Balance in superannuation funds
This is a component of financial assets and has been available since 2003–04 in every SIH except for 2007–08, when wealth data was not collected. The total value of superannuation funds is available split by whether they are government or non-government funds.
The relevant person level data items are:
Respondents were encouraged to refer to their last superannuation statement for fund balances.
Information is available about the individual superannuation accounts people held for 2013-14 and 2015-16. The complete list of data items for 2015–16 SIH and HES are available from the 'Downloads' tab of this publication as an Excel spreadsheet, and super account items can be found under the 'Superannuation accounts' section on the 'Person' level. The different types of information are:
The 'Superannuation' analysis level is available for the 2013–14 and 2015-16 SIH and the 2015-16 HES output to provide similar data about individual superannuation accounts. This data can only be analysed as a paid customised data request.
Type of pension or annuity
For each superannuation account where current regular income is received, the type of account is collected. The different types of accounts are:
'Other account type' descriptions provided by respondents were recoded where possible to the appropriate pension or annuity type. This method was improved for 2015-16 SIH and HES, reducing the overall instances of 'Other account type'. Therefore type of pension or annuity is not directly comparable to 2013-14 SIH estimates.
Lump sum superannuation payments
Value of lump sum superannuation payments
The value of lump sum superannuation payments received in the last two years that were in total worth $500 or more, has been collected since 2003–04. It enables analysis of how people are using their superannuation funds other than as a source of regular income. These payments do not contribute to current weekly estimates of personal or household income.
The relevant person level data item is:
Use of lump sum superannuation payments
The uses, and main use, of lump sum superannuation payments (received over the last two years) including re-investment into other assets, debt reduction and consumption expenditure is available in 2013–14 and 2015-16. The complete list of data items for 2015-16 SIH and HES are available from the 'Downloads' tab of this publication as an Excel spreadsheet, and super lump sum items can be found under the 'Superannuation lump sum receipts' section on the 'Person' level.
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