Data tables

You can also download Data tables (XLXS 503KB).This link will download a file

Note: Certain tables are from those reported in the Self-managed super fund statistical report, June 2018.

For statistical information on the taxation of SMSFs (and other entities) see annual Taxation statistics.

Table 1: Yearly SMSF population and asset size

This table shows the:

• number of SMSFs established or wound up during each financial year
• number of SMSFs and members at year end
• total assets held by SMSFs at year end.

These figures are estimates based on SMSF annual returns, and are consistent with those reported in the Self-managed super fund statistical report, June 2018.

SMSF population and assets, 2013–14 to 2017–18

SMSFs	2013–14	2014–15	2015–16	2016–17	2017–18
Establishments	33,379	33,792	32,868	30,540	25,034
Wind-ups	12,571	12,895	11,961	12,355	10,529
Net establishments	20,808	20,897	20,907	18,185	14,505
Total SMSFs	521,731	542,628	563,535	581,720	596,225
Total members	987,951	1,027,276	1,061,794	1,090,885	1,118,650
Total assets ($m)	533,179	582,414	618,371	704,589	749,899

Table 2: SMSF age distribution

This table shows the age distribution of SMSFs, based on years since their establishment date.

SMSF age distribution, 30 June 2018

SMSF age since establishment (at 30/06/2018)	% of SMSFs
In 1st year of establishment	4.0%
>1–2 years	4.9%
>2–3 years	5.2%
>3–5 years	10.3%
>5–10 years	20.4%
>10 years	55.1%
N/A	0.3%
Total	100%
Average SMSF age	10 years
Median SMSF age	10 years

Table 3: Contribution flows

These tables show the total value of contributions to SMSFs during each financial year and the mean and median amounts, along with contributions by fund size.

These figures are estimates based on SMSF annual returns, and are consistent with those reported in the Self-managed super fund statistical report, June 2018.

For additional data on member and employer contributions by member age and gender, see Data tables (XLXS 503KB)This link will download a file.

Total SMSF contributions ($m), 2012–13 to 2016–17

Total	2012–13	2013–14	2014–15	2015–16	2016–17
Member	17,886	19,515	24,901	24,480	34,687
Employer	5,426	6,012	6,906	7,160	7,130

Mean SMSF contributions ($), 2012–13 to 2016–17

Mean	2012–13	2013–14	2014–15	2015–16	2016–17
Member	76,383	79,987	98,206	96,396	133,061
Employer	20,387	22,028	24,526	24,819	24,976

Median SMSF contributions ($), 2012–13 to 2016–17

Median	2012–13	2013–14	2014–15	2015–16	2016–17
Member	18,000	20,000	24,012	22,109	30,000
Employer	16,791	17,449	18,486	18,768	19,155

Contributions to SMSFs as a proportion of total superannuation contributions 2012-13 to 2016-17

	2012–13	2013–14	2014–15	2015–16	2016–17
Member	42.8%	49.1%	50.1%	52.8%	52.3%
Employer	7.7%	7.4%	8.0%	8.0%	7.7%
Total SMSF	20.8%	21.1%	23.4%	23.3%	26.4%

Table 4: Rollover flow (into and out of SMSFs)

These tables show the total value of rollovers into and out of SMSFs during each financial year and the mean and median amount, along with distribution of rollovers by fund size.

These figures are estimates based on SMSF annual returns, and are consistent with those reported in the Self-managed super fund statistical report, June 2018.

Total SMSF rollovers ($m), 2012–13 to 2016–17

Total	2012–13	2013–14	2014–15	2015–16	2016–17
Inward	16,488	15,067	15,028	14,954	18,316
Outward	4,275	5,086	5,617	5,481	9,207

Mean SMSF rollovers ($), 2012–13 to 2016–17

Mean	2012–13	2013–14	2014–15	2015–16	2016–17
Inward	199,019	194,145	204,884	196,512	247,978
Outward	291,909	293,379	328,038	299,858	452,385

Median SMSF rollovers ($), 2012–13 to 2016–17

Median	2012–13	2013–14	2014–15	2015–16	2016–17
Inward	83,074	81,164	81,096	77,125	75,339
Outward	67,480	83,615	93,243	81,544	128,599

Distribution (%) of total inward rollovers by fund size, 2012–13 to 2016–17

Fund size	2012–13	2013–14	2014–15	2015–16	2016–17
$0	0.34%	0.43%	0.39%	0.40%	0.51%
$>0–$50k	0.76%	0.64%	0.54%	0.48%	0.46%
>$50k–$100k	2.05%	1.88%	1.52%	1.51%	0.92%
>$100k–$200k	7.62%	7.72%	6.75%	6.88%	4.41%
>$200k–$500k	21.81%	21.81%	20.90%	22.50%	16.53%
>$500k–$1m	24.01%	23.65%	22.66%	22.82%	17.88%
>$1m–$2m	20.91%	20.96%	20.87%	21.01%	19.41%
>$2m–$5m	15.20%	16.17%	17.16%	16.27%	23.77%
>$5m–$10m	4.25%	4.86%	5.44%	5.40%	9.22%
>$10m–$20m	1.68%	1.56%	1.61%	2.04%	4.65%
>$20m–$50m	0.98%	0.31%	1.09%	0.37%	1.98%
>$50m–$100m	0.39%	0.01%	0.61%	0.33%	0.26%
>$100m–$500m	0.00%	0.00%	0.46%	0.01%	0.00%

Distribution (%) of total outward rollovers by fund size, 2012–13 to 2016–17

Fund size	2012–13	2013–14	2014–15	2015–16	2016–17
$0	17.83%	26.29%	27.20%	26.82%	22.29%
$>0–$50k	11.82%	10.32%	9.60%	9.13%	8.44%
>$50k–$100k	1.47%	1.73%	1.38%	1.24%	1.46%
>$100k–$200k	2.34%	2.27%	1.99%	2.02%	1.32%
>$200k–$500k	7.30%	5.84%	6.06%	5.69%	3.90%
>$500k–$1m	10.72%	10.08%	9.98%	10.43%	6.10%
>$1m–$2m	14.33%	13.73%	12.30%	14.27%	10.91%
>$2m–$5m	19.65%	18.60%	18.65%	18.29%	24.71%
>$5m–$10m	9.35%	8.41%	7.94%	7.19%	11.27%
>$10m–$20m	3.45%	2.38%	3.55%	3.53%	6.79%
>$20m–$50m	0.47%	0.25%	1.14%	0.71%	2.22%
>$50m–$100m	0.04%	0.05%	0.20%	0.67%	0.57%
>$100m–$500m	1.23%	0.03%	0.02%	0.00%	0.01%

Table 5: Benefit payments

These tables show the total benefit payments from SMSFs during each financial year, and average and median amounts. Benefit payments includes income stream benefits, lump sum benefits, transition-to-retirement (TRIS) and combination payments.

The estimates for total benefit payments are consistent with those reported in the Self-managed super fund statistical report, June 2018. The average and median figures are based on SMSF annual returns.

SMSF benefit payments, 2012–13 to 2016–17

SMSF benefit payments	2012–13	2013–14	2014–15	2015–16	2016–17
Total ($m)	25,492	29,482	33,456	35,430	46,368
Average ($)	105,061	113,099	119,230	118,703	144,987
Median ($)	52,000	60,000	62,061	62,630	67,380

Distribution (%) of total SMSF benefit payments by type, 2012–13 to 2016–17

Type of benefit	2012–13	2013–14	2014–15	2015–16	2016–17
Lump sum benefit	15.3%	12.5%	12.2%	11.4%	13.1%
Income stream benefit	73.0%	74.4%	75.4%	76.7%	78.6%
Transition to retirement benefit	11.7%	13.1%	12.4%	11.9%	8.3%

SMSF members receiving benefit payments by age (distribution %), 2016–17

Age range	% of members receiving benefit payments	Average member benefit payment ($)	Average member balance ($).Footnotea
<55	1.9%	36,566	652,807
55–59	6.51%	52,879	1,047,858
60–64	22.33%	92,341	1,121,328
65–69	28.84%	97,386	1,112,654
70–74	22.97%	93,692	1,154,928
>74	17.39%	114,181	1,176,488
Unknown.Footnoteb	0.03%	178,105	1,164,428
Total	100%	94,290.19	1,122,354.59

Notes:

a

Average member balance is calculated before benefit payment.

Footnote a

b referrer

Footnote b

Unknown value indicates a value less than 0.1% but greater than 0.

Return to footnote  referrer

For additional data on members receiving income stream benefit payments and lump sum and income stream benefit payments by benefit type, see Data tables (XLXS 503KB).This link will download a file

Table 6: SMSF net fund flow

This table shows net contributions, transfers, benefit payments, total expenses and net fund flow for SMSFs from the 2012–13 to the 2016–17 year.

Breakdown of SMSF fund flows ($bn), 2012–13 to 2016–17

	2012–13	2013–14	2014–15	2015–16	2016–17
Total contributions	23.3	25.5	31.8	31.6	41.8
Net transfers	12.2	10.0	9.4	9.5	9.1
Benefit payments	25.5	29.5	33.5	35.4	46.4
Total expenses	4.9	5.7	6.6	7.9	7.9
Net fund flow	5.1	0.3	1.2	–2.2	–3.3

Table 7: SMSF trustee type

This table shows the trustee structure (either corporate or individual trustees) of SMSFs at 30 June 2018, and for new registrations for 2015–16 to 2017–18.

Trustee type	% of all SMSFs at 30/06/2018	2015–16 registrations	2016–17 registrations	2017–18 registrations
Corporate	58.94%	27,292 (80.87%)	25,629 (80.96%)	21,142 (80.48%)
Individual	41.06%	6,455 (19.13%)	6,027 (19.04%)	5,127 (19.52%)
Total	100%	33,747 (100%)	31,656 (100%)	26,269 (100%)

Table 8: SMSFs by payment phase

This table shows the proportion of SMSFs in different payment phases at 30 June 2018 by year. Data for the 2016-17 statistics in this table was collected at 31 March 2019.

Partial pension phase refers to SMSFs where at least one member has received a pension payment, and full pension phase refers to SMSFs where all members received pension payments.

These figures are estimates based on SMSF annual returns.

Distribution (%) of SMSFs by payment phase at 30 June 2018 by year

No. of SMSFs	2012–13	2013–14	2014–15	2015–16	2016–17
In accumulation phase	56.2%	55.2%	53.8%	55.3%	57.6%
In partial pension phase	11.2%	11.2%	11.2%	11.2%	10.8%
In full pension phase	32.6%	33.6%	35.0%	33.5%	31.6%
Total	100%	100%	100%	100%	100%

Table 9: Audits performed by SMSF auditors

These tables show the number of SMSF auditors who performed audits in relation to each year of audit, the distribution of SMSF auditors by the number of audits they performed, the proportion of total audits performed by SMSF auditors by number of audits and the proportion of total assets audited by number of audits for the years ended 30 June 2013 to 30 June 2017.

These figures are based on SMSF annual returns.

From 1 July 2013 only SMSF auditors registered with ASIC can undertake SMSF audits, resulting in a reduction in auditors performing SMSF audits.

The year columns refer to the year being audited, not the year the audit took place.

Number of SMSF auditors performing audits, 2012–13 to 2016–17

Number of auditors	2012–13	2013–14	2014–15	2015–16	2016–17
Total	7,032	6,582	6,238	5,949	5,565

Distribution (%) of SMSF auditors by number of audits they carried out, 2012–13 to 2016–17

Number of audits	% of auditors 2012–13	% of auditors 2013–14	% of auditors 2014–15	% of auditors 2015–16	% of auditors 2016–17
<5 funds	16.8%	14.8%	13.4%	13.5%	15.3%
5–50 funds	50.9%	50.8%	50.1%	49.9%	51.5%
51–250 funds	27.8%	29.3%	30.7%	30.7%	27.8%
>250 funds	4.5%	5.0%	5.8%	6.0%	5.3%
Total	100%	100%	100%	100%	100%

Proportion of total audits performed by SMSF auditors, 2012–13 to 2016–17

Number of audits	% of audits 2012–13	2013–14	2014–15	2015–16	2016–17
<5 funds	0.5%	0.4%	0.4%	0.3%	0.4%
5–50 funds	17.7%	16.4%	15.0%	14.1%	15.0%
51–250 funds	41.0%	39.7%	38.0%	36.7%	36.0%
>250 funds	40.9%	43.5%	46.7%	48.9%	48.5%
Total	100%	100%	100%	100%	100%

Proportion of total assets audited by number of audits, 2012–13 to 2016–17

Number of audits	% of assets 2012–13	2013–14	2014–15	2015–16	2016–17
<5 funds	0.4%	0.4%	0.3%	0.3%	0.4%
5–50 funds	16.8%	15.7%	14.5%	13.8%	15.0%
51–250 funds	41.4%	40.1%	38.1%	37.0%	36.7%
>250 funds	41.5%	43.9%	47.1%	48.8%	47.9%
Total	100%	100%	100%	100%	100%

Average and median SMSF auditor fees

This table shows average and median SMSF auditor fees reported on the SMSF annual return. From 2012–13, non-deductible SMSF auditor fee expenses are included.

Those SMSFs that did not report an audit fee greater than $0 are not taken into account in calculating the average or median fee.

SMSF auditor fees ($), 2012–13 to 2016–17

SMSF auditor fees	2012–13	2013–14	2014–15	2015–16	2016–17
Average auditor fee	737	726	760	703	688
Median auditor fee	550	550	550	550	550

SMSF audit fee by ranges

This table shows the distribution of SMSFs by audit fee ranges.

These figures are based on SMSF annual returns. Those SMSFs that did not report an audit fee greater than $0 are not taken into account in calculating the average or median fee.

Distribution (%) of SMSFs by audit fee range, 2012–13 to 2016–17

Audit fee range	% of SMSFs 2012–13	2013–14	2014–15	2015–16	2016–17
>$0–$499	36.8%	36.5%	36.5%	36.9%	37.6%
$500–$999	47.8%	48.9%	49.7%	50.2%	50.4%
$1,000–$1,999	12.0%	11.5%	11.0%	10.5%	9.8%
$2,000 and above	3.4%	3.1%	2.8%	2.4%	2.1%
Total	100.0%	100.0%	100.0%	100.0%	100.0%

Table 10: SAR lodgments per tax agent

This table shows the distribution of tax agents by the number of SMSF annual returns (SAR) they lodged.

Distribution of SAR lodgments by number of tax agents, 2012–13 to 2016–17

Number of SMSF annual returns lodged per tax agent	Tax agents 2012–13	2013–14	2014–15	2015–16	2016–17
1	2,556	2,469	2,303	2,123	1,960
2	1,243	1,244	1,223	1,194	1,163
3	843	874	861	850	842
4	656	648	653	660	638
5	576	559	517	546	513
6–10	1,768	1,869	1,860	1,798	1,719
11–20	2,015	2,045	2,048	2,052	1,984
21–100	3,891	4,019	4,146	4,108	3,876
101–500	863	945	980	1,019	919
>500	23	25	29	28	26
Total	14,434	14,697	14,620	14,378	13,640

Table 11: Age ranges of SMSF members

This table shows the approximate age distribution of SMSF members at 30 June 2018, along with the age distribution of members of SMSFs established in each year from 2013 to 2017. This is an estimate based on Australian Business Register (ABR) data.

Age distribution of members, by establishment year of SMSF

Age range	Proportion of all members at June 2018	2013	2014	2015	2016	2017
< 25	0.5%	2.0%	1.7%	1.4%	1.4%	1.3%
25 – 34	3.4%	10.6%	10.5%	11.1%	11.2%	10.6%
35 – 44	11.8%	27.2%	29.4%	29.6%	29.9%	28.7%
45 – 49	10.4%	15.3%	16.2%	16.4%	16.9%	17.3%
50 – 54	11.5%	16.2%	16.0%	15.7%	15.3%	15.2%
55 – 59	13.5%	13.6%	12.6%	12.6%	12.6%	12.7%
60 – 64	13.4%	9.3%	8.4%	7.9%	7.8%	8.0%
65 – 69	13.3%	4.2%	3.7%	3.8%	3.5%	3.9%
70 – 74	11.4%	1.3%	1.2%	1.1%	1.0%	1.7%
75 – 84	9.3%	0.4%	0.4%	0.4%	0.4%	0.6%
85+	1.5%	0.0%	0.0%	0.0%	0.0%	0.0%
Unknown	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Total	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Average member age	58.8	48.1	47.7	47.6	47.4	47.9
Median member age	59.4	48.4	47.5	47.3	47.1	47.6

Table 12: SMSF members and non-SMSF members

These tables show the approximate age distribution of SMSF members at 30 June 2017, along with the average and median account balances for these members as reported on the 2016–17 SMSF annual return (SAR). Also included is a comparison of SMSF members’ average and median taxable income to non-SMSF members’ average and median taxable income. The age ranges in these tables align with those as reported in APRA’s Annual Superannuation Bulletin.

This is an estimate based on Australian Business Register (ABR) data.

SMSF members and member balances, by age range, 30 June 2017

Age range	% of All SMSF members at 30 June 2017	Average member balance as per 2017 SAR ($)	Median member balance as per 2017 SAR ($)
<25	0.8%	53,556	6,796
25–34	3.3%	82,829	39,241
35–44	11.0%	154,145	96,811
45–49	9.8%	253,853	152,910
50–54	11.7%	395,418	211,728
55–59	14.3%	605,043	339,486
60–64	14.9%	836,619	518,475
65–69	14.7%	945,355	569,792
70–74	11.1%	1,017,756	578,033
75–84	7.8%	1,032,505	568,023
85+	0.6%	871,935	406,005
Unknown	0.0%	567,973	300,891
Total	100%	640,191	296,721

SMSF member taxable income ($) by age range, 2016–17

Age range	Average taxable income	Median taxable income
<25	53,037	37,491
25–34	85,515	70,637
35–44	124,973	85,574
45–49	140,787	86,691
50–54	140,124	81,489
55–59	127,929	74,109
60–64	99,988	49,035
65–69	80,406	33,451
70–74	71,647	28,194
75–84	74,407	30,057
85+	114,547	44,931
Unknown	7,130	7,130
Total	108,638	59,625

Non-SMSF member(C) taxable income ($), by age ranges, 2016–17

Age ranges	Average taxable income	Median taxable income
<25	31,099	26,660
25–34	54,395	48,861
35–44	71,039	57,425
45–49	76,301	58,445
50–54	74,058	56,512
55 – 59	70,534	53,915
60 – 64	57,739	43,404
65 – 69	46,782	32,570
70 – 74	37,998	24,980
75 – 84	35,546	23,706
85+	48,714	36,798
Unknown	59,758	50,361
Total	59,839	46,769

Note:

(C) The non-SMSF member population are those individuals, excluding SMSF members, for whom a 2017 member contribution was received.

Table 13: Average and median asset sizes

These tables show the average and median SMSF fund asset size and member account balance at the end of each financial year, the average member balance by age and gender, and the closing balance for female members by balance range.

These figures are estimates based on SMSF annual returns, and are consistent with those reported in the Self-managed super fund statistical report, June 2018.

SMSF average and median asset sizes ($), 2012–13 to 2016–17

Assets	2012–13	2013–14	2014–15	2015–16	2016–17
Average assets per member	507,392	544,858	572,509	587,171	652,465
Median assets per member	296,580	319,301	336,647	347,011	393,141
Average assets per SMSF	962,562	1,031,385	1,081,964	1,107,726	1,223,460
Median assets per SMSF	530,407	570,726	601,912	618,754	693,265

Average member balance by gender and phase

Average SMSF member balance (female) ($), 2012–13 to 2016–17

	2012–13	2013–14	2014–15	2015–16	2016–17
Average SMSF member balance (accumulation)	191,708	211,929	232,571	253,674	300,735
Average SMSF member balance (pension)	3,313,562	3,630,890	3,851,815	3,931,155	4,391,403
Average SMSF member balance (total)	455,657	489,691	515,885	530,488	603,430

Average SMSF member balance (male) ($), 2012–13 to 2016–17

	2012–13	2013–14	2014–15	2015–16	2016–17
Average SMSF member balance (accumulation)	263,202	289,463	312,885	337,030	392,952
Average SMSF member balance (pension)	4,033,224	4,371,893	4,574,933	4,615,243	5,066,254
Average SMSF member balance (total)	586,632	624,598	648,963	659,860	735,843

Average SMSF member balance ($) by age and gender, 30 June 2017

Age range	Female	Male	Total
< 25	60,776	60,296	60,523
25 – 34	84,670	100,452	92,738
35 – 44	143,276	184,442	164,010
45 – 49	235,503	295,273	265,461
50 – 54	357,149	462,779	410,585
55 – 59	566,327	685,265	627,354
60 – 64	799,439	937,547	870,320
65 – 69	928,549	1,049,184	992,003
70 – 74	985,184	1,134,889	1,068,163
75 – 84	1,031,515	1,152,513	1,104,174
85+	951,167	1,058,580	1,023,380
Unknown	491,010	853,501	639,300

For additional historical data for 2012 to 2015, see Data tables (XLXS 503KB).This link will download a file

Female SMSF members by closing balance range, 30 June 2017

Member balance range	Female members	% of female members
$0	23,904	5.8%
>$0–$50k	59,419	14.4%
>$50k–$100k	44,085	10.7%
>$100k–$200k	58,947	14.3%
>$200k–$500k	89,535	21.7%
>$500k–$1m	70,338	17.0%
>$1m–$2m	44,540	10.8%
>$2m–$5m	19,091	4.6%
>$5m–$10m	2,557	0.6%
>$10m	485	0.1%
Total	412,901	100%

For additional historical data for 2013 to 2016, see Data tables (XLXS 503KB).This link will download a file

Table 14: Asset sizes in establishment year

This table shows average and median SMSF asset sizes and member account balances in their year of establishment.

These figures are estimates based on SMSF annual returns.

SMSF asset size ($) in establishment year, 2012–13 to 2016–17

From annual return for establishment year	2012–13	2013–14	2014–15	2015–16	2016–17
Average assets per member account balance	181,615	179,295	191,393	196,187	324,096
Median assets per member account balance	95,178	100,852	103,430	111,157	148,012
Average assets per SMSF	337,591	349,305	377,790	379,136	521,373
Median assets per SMSF	204,052	217,429	223,283	236,741	319,902

Table 15: Asset ranges, by fund and member size

These tables show the approximate distribution of SMSFs by fund asset sizes and by members’ account balances.

These figures are estimates based on SMSF annual returns, and are consistent with those reported in the Self-managed super fund statistical report, June 2018.

Asset range by members' account balance

 

Distribution (%) of  members by account balance range, 2012-13 to 2016–17

Member account balance range	% of members 2012–13	2013–14	2014–15	2015–16	2016–17
$0–$50k	21.1%	19.9%	19.0%	17.8%	16.2%
>$50k–$100k	10.9%	10.7%	10.5%	10.2%	9.2%
>$100k–$200k	15.1%	15.1%	15.1%	15.4%	14.7%
>$200k–$500k	23.6%	23.4%	23.5%	24.0%	23.9%
>$500k–$1m	16.0%	16.3%	16.7%	17.0%	18.1%
>$1m–$2m	9.1%	9.7%	10.1%	10.3%	11.8%
>$2m–$5m	3.8%	4.3%	4.5%	4.6%	5.2%
>$5m–$10m	0.4%	0.5%	0.6%	0.6%	0.8%
>$10m	0.1%	0.1%	0.1%	0.1%	0.2%
Total	100%	100%	100%	100%	100%

For additional data on the distribution of SMSFs by fund asset size in establishment year, and fund asset size and member balance by payment phase, see Data tables (XLXS 503KB).This link will download a file

Asset range and payment phase

Change (%) in distribution of SMSFs by asset range and payment phase, 2012-13 to 2016-17

Member asset range	Accumulation	Pension
$0–$50k	–3.71%	0.20%
>$50k–$100k	–3.76%	–0.39%
>$100k–$200k	–4.85%	–0.99%
>$200k–$500k	–0.20%	–3.94%
>$500k–$1m	5.93%	–3.01%
>$1m–$2m	4.16%	1.39%
>$2m–$5m	2.07%	4.31%
>$5m–$10m	0.28%	1.66%
>$10m–$20m	0.07%	0.60%
>$20m-$50m	0.02%	0.13%
>$50m-$100m	0.00%	0.02%
>$100m-$500m	0.00%	0.01%

Asset range by fund size

Distribution (%) of funds by asset range, 2012–13 to 2016–17

Fund asset range	% of funds 2012–13	2013–14	2014–15	2015–16	2016–17
$0–$50k	7.5%	7.1%	6.6%	5.9%	5.5%
>$50k–$100k	5.6%	5.0%	4.5%	4.1%	3.3%
>$100k–$200k	10.9%	10.2%	9.5%	9.0%	7.8%
>$200k–$500k	24.7%	24.2%	24.0%	24.3%	22.9%
>$500k–$1m	22.7%	23.1%	23.7%	24.4%	24.7%
>$1m–$2m	16.9%	17.6%	18.1%	18.4%	19.8%
>$2m–$5m	9.5%	10.4%	10.9%	11.1%	12.6%
>$5m–$10m	1.7%	2.0%	2.2%	2.2%	2.6%
>$10m – $20m	0.3%	0.4%	0.4%	0.5%	0.6%
>$20m – $50m	0.1%	0.1%	0.1%	0.1%	0.1%
>$50m–$100m	0.0%	0.0%	0.0%	0.0%	0.0%
>$100m–$500m	0.0%	0.0%	0.0%	0.0%	0.0%
Total	100%	100%	100%	100%	100%

Distribution (%) of total fund assets (%) by asset range, 2012–13 to 2016–17

Fund asset range	2013	2013–14	2014–15	2015–16	2016–17
$0–$50k	0.14%	0.11%	0.09%	0.08%	0.06%
>$50k–$100k	0.44%	0.36%	0.31%	0.28%	0.20%
>$100k–$200k	1.69%	1.48%	1.31%	1.22%	0.95%
>$200k–$500k	8.76%	8.05%	7.63%	7.57%	6.49%
>$500k–$1m	16.97%	16.11%	15.74%	15.79%	14.46%
>$1m–$2m	24.60%	23.93%	23.49%	23.33%	22.72%
>$2m–$5m	29.42%	29.87%	30.14%	29.96%	30.55%
>$5m–$10m	12.05%	13.07%	13.56%	13.45%	14.32%
>$10m–$20m	4.05%	4.76%	5.08%	5.32%	6.31%
>$20m–$50m	1.56%	1.73%	2.02%	2.28%	2.79%
>$50m–$100m	0.32%	0.39%	0.46%	0.53%	0.71%
>$100m–$500m	0.15%	0.15%	0.18%	0.19%	0.45%
Total	100%	100%	100%	100%	100%

Asset range by fund size in year of establishment

Distribution (%) of SMSFs by asset size in establishment year, 2012–13 to 2016–17

Fund asset range	2012–13	2013–14	2014–15	2015–16	2016–17
$0–$50k	16.4%	14.8%	16.3%	13.8%	9.0%
>$50k–$100k	11.4%	10.3%	9.8%	9.8%	7.6%
>$100k–$200k	21.7%	22.0%	19.9%	19.7%	16.5%
>$200k–$500k	30.6%	31.7%	31.0%	32.6%	32.7%
>$500k–$1m	14.5%	15.4%	16.3%	17.1%	21.4%
>$1m–$2m	4.5%	4.8%	5.4%	5.7%	9.7%
>$2m–$5m	0.9%	0.9%	1.2%	1.2%	2.8%
>$5m	0.1%	0.1%	0.1%	0.1%	0.3%
	100%	100%	100%	100%	100%

Table 16: SMSF asset allocations

This table shows the value and proportion of assets held by SMSFs for each type of asset listed on the 2017 SMSF annual return, as well as the mean and median value. It follows that SMSFs will have different asset allocations in individual cases.

These figures are estimates based on SMSF annual returns, and are consistent with those reported in the 2012–13 to 2016–17 Self-managed super fund statistical report, June 2018.

SMSF asset allocations, 30 June 2017

Asset allocation	($m)	% of total SMSF assets	% of SMSF population holding those assets	Mean ($)(d)	Median ($)(e)
Listed trusts	31,668	4.49%	30.52%	187,193	71,841
Unlisted trusts	74,967	10.64%	22.74%	587,448	229,327
Insurance policy	173	0.02%	0.09%	330,538	128,997
Other managed investments	33,198	4.71%	10.96%	523,819	220,582
Cash and term deposits	171,774	24.38%	97.02%	306,026	108,125
Debt securities	11,332	1.61%	8.51%	228,235	101,642
Loans	4,577	0.65%	2.75%	297,351	88,000
Listed shares	204,660	29.05%	60.66%	575,456	271,848
Unlisted shares	7,515	1.07%	6.76%	200,938	31,037
Limited recourse borrowing arrangements	37,216	5.28%	8.78%	766,422	486,973
Non-residential real property	65,122	9.24%	11.80%	988,688	575,000
Residential real property	34,248	4.86%	9.63%	631,784	445,000
Collectables and personal use assets	313	0.04%	0.52%	108,995	40,397
Other assets	18,770	2.66%	81.57%	41,355	7,884
Overseas shares	5,519	0.78%	5.51%	182,055	38,894
Overseas non-residential real property	137	0.02%	0.04%	542,958	166,688
Overseas residential real property	237	0.03%	0.16%	288,408	153,887
Overseas managed investments	763	0.11%	0.58%	240,647	86,262
Other overseas assets	2,404	0.34%	2.57%	164,753	49,587
Total Australian and overseas Assets	704,589	100.00%	-	1,258,658	688,540
Borrowings	20,769	2.95%	10.23%	368,210	268,000
Other liabilities	5,375	0.76%	59.73%	16,188	2,908
Net Australian and overseas assets	678,445	96.29%	-	1,210,280	636,394

Note:

(c) (d) Mean and median values are only applicable to the funds that held those types of assets.

Change (%) in SMSF asset holdings, by asset type, 2012–13 to 2016–17

Asset allocation	% change in value of assets 2013–14	2014–15	2015–16	2016–17
Listed trusts	0.27%	0.37%	0.31%	0.04%
Unlisted trusts	0.21%	0.50%	0.73%	0.27%
Other managed investments	0.19%	0.34%	–0.04%	–0.21%
Cash and term deposits	-2.78%	-1.76%	-0.85%	–0.06%
Listed shares	1.45%	–0.90%	–1.57%	0.76%
Non-residential real property	-0.57%	-0.24%	-0.15%	-1.70%
Residential real property	0.12%	0.27%	0.68%	0.15%
Limited recourse borrowing arrangements	1.06%	0.76%	0.67%	0.93%
All other assets	0.04%	0.65%	0.21%	-0.18%

SMSF limited recourse borrowing arrangement asset allocations, 30 June 2017

LRBA investment by asset type	($m)	% of total SMSF assets	% of SMSFs holding these assets	Mean ($)(f)	Median ($)(g)
Australian residential real property	17,925	2.54%	5.88%	562,889	451,785
Australian non-residential real property	16,854	2.39%	2.49%	1,250,405	691,600
Overseas real property	63	0.01%	0.01%	651,724	411,359
Australian shares	804	0.11%	0.34%	309,192	148,066
Overseas shares	376	0.05%	0.01%	264,414	71,218
Other	1,194	0.17%	0.25%	726,333	223,417
Total(h)	37,216	5.28%	8.98%	766,422	486,973

Notes:

(f) (g) Mean and median values are only applicable to the funds that held those types of assets.

(h) The total represents the proportion of total SMSFs holding all LRBA assets. There is a small proportion of SMSFs who hold more than one type of LRBA asset.

Change (%) in SMSF population, by asset type held, 2013-14 to 2016-17

Asset type	% change in SMSFs holding assets 2013-14	2014-15	2015-16	2016-17
Listed trusts	1.17%	0.54%	1.11%	1.51%
Unlisted trusts	0.45%	0.43%	1.57%	0.78%
Other managed investments	-0.14%	0.18%	-0.32%	0.02%
Cash and term deposits	-0.18%	0.02%	0.21%	-0.20%
Listed Shares	-0.90%	0.47%	0.16%	0.51%
Non-residential real property	-0.01%	-0.14%	-0.72%	-2.03%
Residential real property	0.64%	0.62%	1.02%	0.56%
Limited recourse borrowing arrangements	2.82%	0.56%	0.97%	1.52%
All other assets	-1.31%	2.39%	3.46%	1.50%

Table 17: Asset allocations by fund phase

This table shows the proportion of assets held by SMSFs in accumulation and pension phases, for each type of asset listed on the 2017 SMSF annual return.

These figures are estimates based on SMSF annual returns.

SMSF asset allocation by fund phase, 30 June 2017

Asset allocation	Accumulation phase	Pension phase
Listed trusts	4.5%	4.7%
Unlisted trusts	8.9%	11.8%
Insurance policy	0.0%	0.0%
Other managed investments	4.1%	4.9%
Cash and term deposits	25.4%	23.4%
Debt securities	0.9%	1.9%
Loans	0.6%	0.7%
Listed shares	23.8%	30.7%
Unlisted shares	1.1%	1.1%
Limited recourse borrowing arrangements	12.1%	2.0%
Non-residential real property	8.5%	10.0%
Residential real property	6.0%	4.4%
Collectables and personal use assets	0.1%	0.0%
Other assets	2.6%	2.8%
Overseas shares	0.7%	0.8%
Overseas non-residential real property	0.0%	0.0%
Overseas residential real property	0.1%	0.0%
Overseas managed investments	0.1%	0.1%
Other overseas assets	0.3%	0.3%
Total Australian and overseas assets	100%	100%

Table 18: Asset concentrations

These tables show the distribution of SMSFs that have 50% or more of their assets by value invested in one particular asset class. For example, at 30 June 2017, 43.6% of SMSFs held 80% or more of their assets in one particular asset class, representing 28.9% of total SMSF assets.

An asset concentration of 100% indicates all assets are held within a single asset class.

These figures are estimates based on SMSF annual returns.

SMSF asset concentration, 2012–13 to 2016–17

Asset concentration	% of SMSFs 2012–13	2013–14	2014–15	2015–16	2016–17
100%	13.0%	12.3%	11.5%	10.7%	10.2%
>=90%	32.3%	32.2%	31.5%	30.9%	29.9%
>=80%	45.4%	45.5%	45.0%	44.5%	43.6%
>=70%	58.2%	58.3%	57.7%	57.2%	56.3%
>=60%	71.8%	71.7%	70.9%	70.3%	69.5%
>=50%	86.8%	86.9%	86.6%	85.7%	84.8%

SMSF assets by SMSF asset concentration level, 2012–13 to 2016–17

Asset concentration	% of SMSF assets 2012–13	2013–14	2014–15	2015–16	2016–17
100%	5.8%	5.3%	4.9%	4.7%	4.9%
>=90%	19.8%	19.8%	19.3%	19.2%	18.7%
>=80%	30.2%	30.2%	29.7%	29.4%	28.9%
>=70%	40.1%	40.1%	39.4%	39.0%	38.4%
>=60%	50.0%	49.8%	48.8%	48.4%	47.8%
>=50%	59.8%	59.5%	58.6%	57.9%	57.3%

Table 19: Asset concentration by fund size

This table shows, by fund size, the distribution of SMSFs that have 50% or more of their assets by value invested in one particular asset class.

These figures are estimates based on SMSF annual returns.

SMSF asset concentration by fund size, 30 June 2017

Fund size	% of SMSFs with 100% concentration	>=90%	>=80%	>=70%	>=60%	>=50%
$1–$50k	41.1%	64.5%	75.8%	83.6%	91.1%	98.0%
>$50k–$100k	23.8%	52.4%	65.4%	75.8%	85.7%	95.7%
>$100k–$200k	20.2%	45.5%	59.4%	71.4%	82.7%	93.7%
>$200k–$500k	12.2%	36.9%	53.2%	66.0%	77.6%	89.8%
>$500k–$1m	7.7%	28.1%	42.8%	56.5%	70.4%	85.4%
>$1m–$2m	5.4%	20.8%	33.1%	46.1%	60.9%	78.8%
>$2m–$5m	3.0%	14.8%	25.5%	38.4%	53.9%	73.0%
>$5m–$10m	1.6%	12.2%	22.8%	34.8%	50.1%	68.5%
>$10m	1.8%	13.9%	25.0%	37.3%	51.3%	69.2%

Table 20: Asset concentration by type

This table shows, by asset class, the distribution of SMSFs that have 50% or more of their assets by value invested in that asset class.

These figures are estimates based on SMSF annual returns.

SMSF asset concentration by type, 30 June 2017

Asset type	% of SMSFs with 100% of asset class	>=90%	>=80%	>=70%	>=60%	>=50%
Listed trusts	0.0%	0.3%	0.6%	0.9%	1.2%	1.7%
Unlisted trusts	0.2%	1.6%	2.8%	3.9%	5.2%	6.6%
Insurance policy	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Other managed investments	0.1%	1.1%	1.8%	2.4%	3.0%	3.6%
Cash and term deposits	8.7%	12.7%	14.9%	17.3%	20.3%	24.0%
Debt securities	0.0%	0.0%	0.1%	0.1%	0.1%	0.2%
Loans	0.0%	0.2%	0.3%	0.4%	0.5%	0.5%
Listed shares	0.2%	5.6%	10.3%	14.9%	19.7%	25.0%
Unlisted shares	0.0%	0.2%	0.3%	0.5%	0.6%	0.7%
Limited recourse borrowing arrangements	0.2%	3.6%	5.5%	6.6%	7.3%	7.8%
Non-residential real property	0.2%	1.9%	3.3%	4.5%	5.6%	6.8%
Residential real property	0.1%	1.5%	2.4%	3.3%	4.1%	4.9%
Collectables and personal use assets	0.0%	0.0%	0.0%	0.1%	0.1%	0.1%
Other assets	0.4%	0.9%	1.1%	1.4%	1.6%	1.9%
Overseas shares	0.0%	0.0%	0.1%	0.1%	0.2%	0.2%
Overseas non-residential real property	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Overseas residential real property	0.0%	0.0%	0.0%	0.1%	0.1%	0.1%
Overseas managed investments	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Other overseas assets	0.0%	0.0%	0.1%	0.1%	0.1%	0.1%
Total	10.2%	29.9%	43.6%	56.3%	69.5%	84.4%

Table 21: Asset concentration by phase

This table shows the distribution of SMSFs in accumulation or pension phase that have 50% or more of their assets by value invested in one particular asset class.

These figures are estimates based on SMSF annual returns.

SMSF asset concentration by phase, 30 June 2017

Asset concentration	% of SMSFs in accumulation phase	% of SMSFs in pension phase
100%	12.9%	6.7%
>=90%	36.3%	21.6%
>=80%	51.3%	33.7%
>=70%	63.9%	46.6%
>=60%	76.1%	61.2%
>=50%	88.9%	78.6%

Table 22: Average returns for SMSFs and APRA-regulated funds

These tables show the average returns and the average return on assets (ROA) made by SMSFs and the average rate of return (ROR) made by APRA-regulated funds of more than four members for 2012–13 to 2016–17.

The ROA is calculated by determining the net earnings, and comparing this to average assets during the financial year to determine the percentage return on assets.

Average returns for SMSFs and APRA-regulated funds, 2012–13 to 2016–17

ROA (%)	2012–13	2013–14	2014–15	2015–16	2016–17
SMSFs	10.2	9.7	6.0	3.1	10.2
APRA funds	13.9	11.7	8.9	2.9	9.1

SMSFs by return on assets, 2012–13 to 2016–17

ROA (%)	No. of SMSFs 2012–13	2013–14	2014–15	2015–16	2016–17
<–20%	21,353	13,560	17,346	17,330	11,739
–20% to <–15%	5,476	4,241	6,041	8,053	4,449
–15% to <–10%	8,753	7,555	11,161	18,208	8,516
–10% to <–5%	15,798	16,237	24,325	49,162	17,358
–5% to 0%	42,600	47,834	71,119	133,833	52,388
>0% to 5%	93,545	108,286	165,912	162,496	110,111
>5% to 10%	77,796	106,081	112,357	42,824	111,739
>10%	164,234	147,698	56,961	39,943	112,142
Total	429,555	451,492	465,222	471,849	428,442

Table 23: Average ROA by fund size and age

These tables show the average return on assets (ROA) of SMSFs by asset size and fund age. The ROA is calculated by determining the net earnings, and comparing this to average assets during the financial year to determine the percentage return on assets.

These figures are estimates based on SMSF annual returns.

SMSF average ROA by fund size, 2012–13 to 2016–17

Fund size	2012–13	2013–14	2014–15	2015–16	2016–17
$1–$50k	–17.29%	–12.57%	–17.43%	–17.27%	–14.67%
>$50k–$100k	–5.22%	–2.86%	–6.78%	–7.27%	–5.39%
>$100k–$200k	0.82%	1.50%	–1.05%	–3.41%	–0.48%
>$200–$500k	6.34%	5.88%	2.42%	0.04%	4.65%
>$500k–$1m	9.29%	8.32%	4.59%	1.50%	7.01%
>$1m–$2m	10.64%	9.58%	5.70%	2.33%	8.37%
>$2m	11.61%	11.30%	7.54%	4.66%	12.89%

SMSF average ROA by fund age, 2012–13 to 2016–17

Fund age	2012–13	2013–14	2014–15	2015–16	2016–17
Less than 2 years	5.76%	5.64%	3.90%	1.49%	5.18%
2 to 3 years	7.22%	6.80%	4.83%	2.52%	8.30%
4 to 5 years	8.67%	7.97%	5.15%	2.50%	7.87%
Older than 5 years	10.65%	10.14%	6.23%	3.22%	10.55%

Table 24: Expense ratios

These tables show SMSFs expense ratios. The expenses of an SMSF are calculated by summing various deductible and non-deductible expense labels from its income tax return. The total is then compared to its average assets to get a ratio of expenses to assets.

These figures are estimates based on SMSF annual returns.

SMSF expense ratios, 2012–13 to 2016–17

Expense ratios	2012–13	2013–14	2014–15	2015–16	2016–17
Administration and operating	0.51%	0.52%	0.51%	0.56%	0.51%
Investment	0.55%	0.59%	0.64%	0.69%	0.66%
Total	1.06%	1.11%	1.15%	1.26%	1.17%

Distribution of SMSFs by expense ratio range, 2016–17

Ratio range	% of SMSFS Administration and operating expenses	% of SMSFs Investment expenses	% of SMSFs Total expenses
<=0.25%	21.2	25.9	12.1
>0.25–0.5%	20.3	10.3	13.4
>0.5–0.75%	13.3	9.3	10.4
>0.75–1%	9.4	7.9	8.7
>1–1.5%	12.8	11.3	13.8
>1.5–2%	7.6	6.5	9.3
>2–3%	7.5	6.8	10.1
>3–5%	4.5	6.9	8.2
>5%	3.4	15.0	14.0
Total	100%	100%	100%

For additional historical data for 2013 to 2016, see Data tables (XLXS 503KB).This link will download a file

Table 25: Average expense ratios, by fund size

This table shows average SMSF expense ratios by fund size. The expenses of an SMSF are calculated by summing various deductible and non-deductible expense labels from its income tax return. The total is then compared to its average assets to get a ratio of expenses to assets.

These figures are estimates based on SMSF annual returns.

SMSF average expense ratios by fund size, 2016–17

Fund size	Administration and operating expenses	Investment expenses	Total expenses
$1–$50k	8.26%	6.01%	14.29%
>$50k–$100k	3.48%	3.43%	6.92%
>$100k–$200k	2.26%	4.14%	6.39%
>$200k–$500k	1.30%	2.06%	3.36%
>$500k–$1m	0.76%	0.82%	1.58%
>$1m–$2m	0.49%	0.51%	1.01%
>$2m	0.28%	0.39%	0.67%

For additional historical data for 2013 to 2016, see Data tables (XLXS 503KB).This link will download a file

Table 26: Types of contraventions reported to the ATO

This table shows the types of contraventions by SMSFs that have been reported to the ATO in auditor contravention reports lodged by SMSF auditors, since the start of contravention reporting in 2004 (up to 30 June 2018).

Distribution (%) of SMSF contraventions by type, to 30 June 2018

Contravention type	% of total contraventions	% of value of contraventions
Acquisition of assets from related parties	1.2%	2.3%
Administrative type contraventions	10.5%	2.9%
Borrowings	8.1%	8.6%
In-house assets	18.8%	27.8%
Investments at arm's length	7.6%	8.1%
Loan to member/financial assistance	21.2%	14.6%
Operating standard type contraventions	7.4%	6.1%
Other	4.0%	1.0%
Separation of assets	12.9%	24.4%
Sole purpose	8.4%	4.4%
Total	100%	100%

Table 27: Wind-ups by asset size, average and median assets and fund phase

These tables show the approximate distribution of SMSFs that report having wound up on their SMSF annual return by fund asset size in the year before wind-up, average and median assets in the year before wind-up, and fund phase in year of wind-up.

These figures are estimates based on SMSF annual returns.

Distribution (%) SMSFs by fund size in year before wind-up, 2012–13 to 2016–17

Fund size	% of SMSFs 2012–13	2013–14	2014–15	2015–16	2016–17
>$0–$50k	38.7%	30.7%	27.8%	25.7%	20.2%
>$50k–$100k	13.1%	13.2%	12.6%	11.5%	10.2%
>$100k–$200k	16.9%	17.5%	17.8%	17.6%	17.5%
>$200k–$500k	20.5%	24.1%	24.6%	26.1%	28.9%
>$500k–$1m	7.5%	10.1%	12.0%	13.0%	16.0%
>$1m–$2m	2.5%	3.3%	3.8%	4.6%	5.3%
>$2m–$5m	0.7%	0.9%	1.2%	1.4%	1.7%
>$5m	0.1%	0.1%	0.1%	0.2%	0.3%
Total	100%	100%	100%	100%	100%

SMSF average assets ($) in year before wind-up by fund phase, 2012–13 to 2016–17

	2012–13 ($)	2013–14 ($)	2014–15 ($)	2015–16 ($)	2016–17 ($)
Accumulation	144,063	190,049	186,129	223,530	270,042
Pension	386,190	424,201	459,713	483,936	572,737
Total	224,136	275,111	290,933	326,225	382,864

SMSF median assets ($) in year before wind-up by fund phase, 2012–13 to 2016–17

	2012–13 ($)	2013–14 ($)	2014–15 ($)	2015–16 ($)	2016–17 ($)
Accumulation	46,780	61,494	80,000	98,857	139,663
Pension	230,766	264,623	301,114	307,782	376,808
Total	91,550	116,331	141,851	166,784	212,335

Distribution (%) of SMSFs in year of wind up by fund phase, 2012–13 to 2016–17

	% of SMSFs 2012–13	2013–14	2014–15	2015–16	2016–17
Accumulation	73.1%	68.3%	66.3%	64.2%	64.5%
Pension	26.9%	31.7%	33.7%	35.8%	35.5%
Total	100.0%	100.0%	100.0%	100.0%	100.0%