Self-managed superannuation funds: A statistical overview 2008-09

SMSF members by balance

At 30 June 2009, the average SMSF member balance was $439,000 (see appendix 1, table 10), which is almost 20 times the size of the average account balance of non-SMSFs of approximately $22,000.¹⁸

Graph 10 shows that as SMSF members age, their balances increase and their taxable incomes decrease. The average SMSF member balances range from over $50,000 for members under 35 to over $708,000 for those over 65 (see appendix 1, table 9).

While the average balance of SMSF members over 60 increases, the proportion of members in the older age ranges declines. The largest proportion of members were aged 50 to 59 with an average balance of just over $440,000.

Graph 10: 2009 Taxable income and average balance of SMSF members by age range

Graph 11 shows that over the five years to 30 June 2009, average SMSF member account balances have grown steadily, peaking with almost $477,000 in 2007 before falling by 7.9% in 2009 to around $439,000.

Graph 11: SMSF and SMSF member asset sizes

Sections within Member demographics

• SMSF members
• SMSF members by age
• SMSF members by income
• SMSF members by balance
• SMSF members by asset ranges