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  • Table 5: Benefit payments

    This table shows the total benefit payments from SMSFs during each financial year, and average and median amounts over those periods. Benefit payments includes income stream benefits, lump sum benefits, transition-to-retirement (TRIS) and combination payments.

    These figures are estimates based on SMSF annual return form data. To ensure consistency, the benefit payments figures used are those reported in the Self-managed super fund statistical report, June 2016.

    SMSF benefit payments

     

    2011

    2012

    2013

    2014

    2015

    Total benefit payments ($m)

    19,163

    22,656

    25,678

    29,898

    34,986

    Average benefit payments ($)

    94,382

    101,119

    109,367

    121,317

    126,389

    Median benefit payments ($)

    47,700

    52,000

    53,660

    61,000

    62,910
    Types of SMSF benefit payments

     

    2011

    2012

    2013

    2014

    2015

    Lump sum benefit

    10.7%

    9.1%

    7.3%

    6.1%

    5.9%

    Income stream benefit

    68.5%

    70.7%

    81.3%

    81.1%

    82.3%

    Transition to retirement benefit

    10.7%

    11.5%

    11.4%

    12.7%

    11.8%

    Combination*

    10.1%

    8.7%

     

     

     

    *Combination payments were for members who received both lump sum and income stream payments. Because the 2013 SMSF annual return has introduced separate benefit payment labels for lump sum and income stream benefits, this label is no longer reported.

    Additional data tables on members receiving income stream benefit payments can be accessed in Appendix 1 XLS file.

      Last modified: 20 Dec 2016QC 50779