SMSF asset ranges
At 30 June 2013, 48% of SMSFs had assets of between $200,001 and $1 million, accounting for 26% of all SMSF assets (see appendix 1, table 14). Generally, over the five years to 30 June 2013, the proportion of SMSFs distributed across asset ranges followed a similar pattern to that of SMSF members by asset balances.
Over the period, majority SMSF assets were held by SMSFs with assets between $1 million and $5 million. The proportion of SMSFs in these asset ranges gradually increased from 23% in 2009 to 28% in 2013.
The growth of total SMSF assets continues to result in a shift of SMSFs to the higher asset ranges. Graph 12 shows that for the five-year period, the proportion of SMSFs holding more than $500,000 in assets increased.
Graph 12: SMSF asset sizes, 2009–2013
SMSFs established in the five years to 2013 have also moved to establish with higher opening asset balances. Of the SMSFs established in 2009, 44% held more than $200,000 in assets, increasing to 52% for those established in 2013.