Growth in number of SMSFs

Between the years ended 30 June 2009 and 30 June 2013, SMSF numbers grew from just under 400,000 to over 509,000 (see appendix 1, table 1). This represents growth of over 27%.

Graph 2 shows a trough in the growth of SMSF numbers in 2010, before returning to 2009 levels by 2011. However, the extent of the trough is likely to be overstated as it is affected by economic conditions combined with our system improvements and data-cleansing activities.5

The growth in SMSFs in the five years to 2013 reflects the improvement in community confidence in the economy and the adaptability of the SMSF sector.

Graph 2: Growth in the number of SMSFs 2009–2013

Graph 2: Growth in the number of SMSFs 2009–2013

Over this period, net establishment of new funds (establishments less wind-ups) averaged almost 27,000 a year (or approximately 2,200 a month) while wind-ups averaged almost 7,800 a year.6

Despite the continued establishment of new SMSFs, the median age of all SMSFs is nine years. The largest proportion of SMSF funds have existed for over 10 years (46.4%) with 20.6% having existed for three years or less (see appendix 1, table 2). Analysis shows that 90% of funds established in the 10 years to 2012 are still in existence.7

    Last modified: 16 Dec 2013QC 37999