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 http://www.ato.gov.au/print.asp?doc=/content/00271397.htm.

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. https://superbenefitnews.wordpress.com/seminar-tues-5-april-cbd-12-30-6-30-smsf-investing/.

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About SuperBenefitnews

Self-Managed Superannuation Service Providers in Australia. SuperBenefit provides a wholistic SMSF assistance, education and administration service continuum - 1. “assistance” is help of whatsoever nature where our overall SMSF experience and knowledge enables us to provide assistance/help without any legal (or “license”) limitations. 2. “education” involves providing knowledge through teaching, coaching and mentoring about all matters SMSF, including (but not limited to) investment issues such as equities and property, 3. “administration” encompasses all admin aspects of legally required SMSF trustee and member record keeping including (but not limited to) audit and ATO matters. In keeping with our key point that SuperBenefit does not provide Financial Advice, where issues arise from 1, 2, and/or 3 above Indicate a need for a legally authorized provider (such as a Financial Adviser) and the client does not have their own service provider, the client can utilize SuperBenefit’s ‘Connect Assist’ … SuperBenefit, in itself, does not provide Financial Advice, but it does provide the wherewithal for great SMSF service. WE do not provide Financial Advice or any other service that requires a legally authorized provider. However, where such advice or service is required we have our ‘Connect Assist’, a SuperBenefit resource we use to connect clients to a Licensed Advisor or other legally authorised service provider. Call us 0407 361 596, no obligation FREE Connection call to see how we can help you!
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