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Unpartnered Individuals (continued)

Appendix Table 4 - Median Values of net worth and workplace superannuation for unpartnered individuals by quintiles of net worth
Quintile of Net Wealth Median Net Worth for those with no WP Scheme For those having a Workplace Scheme:
    Median Net Worth Median Value of WP Scheme
  Males Females Males Females Males Females
1 -8,580 -8,415 -15,140 -12,079 7,000 720
2 300 305 2,831 No observations 3,025 No observations
3 10,451 9,510 10,399 11,143 680 6,506
4 62,966 89,309 49,783 77,150 10,598 20,000
5 305,151 278,200 358,430 303,950 135,587 28,000
Total 6,000 11,920 60,000 63,100 10,000 13,635

The value of the scheme rises sharply with the level of net worth especially for males. Overall, the average contribution of employer based schemes to total net worth among those holding schemes is over one third (see Appendix Table 5).

Appendix Table 5 - Mean values of net worth and value of workplace superannuation scheme for unpartnered individuals by quintiles of net worth

Quintile Net Worth

 Mean NW of those with no WP Scheme For those having a WP Scheme
    Mean Net Worth Mean Value of WP Scheme Mean Ratio WP:Total NW
1 -13,732 -85,285 3,927 -0.33
2 668 1,474 1,532 0.96
3 11,366 13,571 6,001 0.55
4 81,151 79,842 19,987 0.29
5 391,144 496,786 102,446 0.27
Total 86,490 215,989 48,723 0.35

 

 

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