At 30 June 2014, there were approximately 1 million SMSF members, of whom 53% were male and 47% female. There was a fairly even distribution of males and females across the younger age ranges of 34 years old and under. There were a higher proportion of female members than male members between the ages of 35 and 64, while a higher proportion of males for those 65 years old and over.
SMSFs with two members continue to be the dominant structure of the SMSF sector. At 30 June 2013, they represented 70% of SMSFs; 23% were single-member SMSFs; and three and four-member SMSFs each represented 4%.
The proportion of members receiving pension payments from an SMSF continued to trend upwards. In 2013, 30% of members in retirement received pension payments, compared to 24% in 2009. Further, 6.4% of SMSF members receiving pension payments also reported they were in receipt of the age pension, unchanged from 2012, but slightly higher than the trend from 2009 to 2011.
In 2013, 38% of SMSF members also had entitlements in non-SMSF funds or mainstream funds. This was an increase of 16% from 2012 and considerably higher than an average of 21% trend from 2009 to 2012.