Growth of SMSF assets
In the five years to 30 June 2014, SMSF assets grew by $183.2 billion or 49%. This means that in dollar terms, SMSFs continue to have a significant influence in the overall growth of the $1.9 trillion Australian superannuation industry.
Graph 1 shows the proportion of total superannuation asset growth by fund type. Total superannuation assets in the period grew by 53% or $645 billion, of which SMSFs contributed 28% in the proportion of overall growth.
Graph 1: Proportion of five-year total superannuation asset growth, by fund type
* APRA funds with more than four members include corporate, industry, public sector, and retail funds.