SMSFs in Australia – ATO Report Dec – 2010

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

To Learn about Self Managed Super and how Investment Options can be simplified, attend a free seminar Tuesday 5 April in Melbourne – lunchtime and after work sessions. Hear a professional administrator explain the tax advantages, how to have an SMSF, and LEARN a better way to find shares that are safer but more consistently growing for a better super return by a professional broker.


About SuperBenefitnews

Self-Managed Superannuation Service Providers in Australia. SuperBenefit will SET UP your SMSF and provide investment education for a better result. We take care of all your administration, accounting, ATO lodgement and audit of SMSFs, working with you and your advisors. If you want advice we can arrange one of our recommended advisors and accountants to meet with you, as we do not give advice, but take instruction only. Take control of your super, including property shares and other assets. Learn how to be your own advisor - make better decisions - by being mentored and coached to invest your own super wisely and strategically by qualified partners. Book to come to an event to find out more, or - Call us 0407 361 596, no obligation FREE strategy call.
This entry was posted in SMSF Info, News & Stats, SMSF Seminars. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s