The ATO reports there are now 439,000 self managed super funds (SMSFs) in Australia, with 839, 000 members. Total Aust. and overseas assets are $420, 612 mill, invested in shares 31%, cash and term deposits 26%, non-residential real property 12% and the rest in various other assets.
Smaller funds (up to $50,000) tend to have up to 51% in cash and term deposits then 26% in shares and the balance in various other. Larger funds (>$10 mill) tend to have 26% in shares, then 23% in cash and term deposits, based on 2009 reported financial position at 30 June.
Repeating the stats from largest to lowest shows an interesting picture.
In the 2009 reporting year, 68% of funds had 2 members, 23% had 1 member, 5% 3, and 4% 4 members.
Across Australia the distribution of funds over the states are 34% NSW, 31% VIC, 16% Qld, and balance in WA, SA, NT, TAS.
Member demographics shows the highest group is 34% 55-64 years old, then 26% 45-54, 20% >60, 14% 35-44 (this group has now become the fastest growing SMSF new-entrant demographic) and 6% under 34 years old.
Member Income reveals the largest group at 48% has income less than $40,000, 33% $40,000 to $100,000 and 19% $100,000 plus.
For the full report see http://www.ato.gov.au/print.asp?doc=/content/00271397.htm.
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