ATO stats show continued growth in SMSF sector
The ATO’s June quarterly statistical data on the SMSF sector has been released and has revealed continued growth.
.
According to the latest data, there are now 625,609 SMSFs in Australia up from 598,564 in the June 2023 quarter.
This number correlates with the expected 30,000 new SMSF establishments predicted in the most recent Class Annual Benchmark Report.
The ATO data also shows there are now 1,152,792 members of SMSFs up from 1,143,528.74 in the previous quarter.
The total estimated assets of SMSFs are $990.4 billion up from $985 billion in the March 2024 quarter with the top asset types held by value being listed shares (28 per cent of total estimated SMSF assets), cash and term deposits (16 per cent).
Around 53 per cent of SMSF members are male and 47 per cent are female with 85 per cent of SMSF members 45 years or older.
The report also provided an update of the annual SMSF population analysis tables for 2018–19 to 2022–23, based on SMSF annual return data.
Keeli Cambourne
September 27 2024
smsfadviser.com
Latest eNewsletters
Hot Issues
- How $1,000 plus regular contributions turned into $823,000 through compounding
- Common sense the best defence against fraudsters: forensic auditor
- Investment and economic outlook, August 2025
- New report highlights confusion over BDBNs
- How ‘investment procrastination’ could be hurting your wealth
- ATO warns that SAR lodgments are on its radar
- Compassionate release warning issued
- The biggest earthquakes in history : (1905–2025)
- How financial advice can reduce stress and save time
- How personal data could boost your retirement income by up to 50%
- Investment and economic outlook, July 2025
- ATO flags October SAR lodgment date
- Death benefits not reliant on probate
- Challenges with TBC increase for those in pension phase
- Avoid LRBA structure short cuts
- The rise and fall of the world’s largest economies | GDP Epic Battle (1560–2025)
- Div 296 sparking death benefit discussions
- ATO warns SMSF trustees to be aware of increase in scams
- Roles and Responsibilities in a Business Partnership
- Beware of tax implications for failing to meet minimum pension requirements: consultant
- Leasing property owned by an SMSF
- A super contributions deadline you won’t want to miss
- How topping up your super each year could leave you $80,000 better off in retirement
- Evolution of Boeing - 1916 - 2025
- ATO issues guidance on SMSF trustee appointment and compliance
- ASIC to increase audit surveillance in 2025–26
- Investment and economic outlook, May 2025
- Legal case has succession planning lessons for SMSF members, advisers: legal expert
- Your 30 June superannuation checklist
