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  • SMSF population analysis tables

    The following tables contain information for SMSFs and SMSF members as at 30 June 2019.

    These tables are updated on an annual basis when the June quarter updates are published.

    To view figures prior to 2015 refer to historical data.

    On this page:

    Asset allocation by asset value of the fund table

    This table contains the distribution of assets held by SMSFs of different sizes, based on total fund assets. These tables are based on actual return data for the 2015 to 2018 financial years.

    The data is provided by SMSFs reporting their financial position as at 30 June of the relevant financial year.

    The data was extracted on 29 August 2019.

    Asset value ranges of funds – 2017–18

    Asset type

    $1
    to
    $50k

    >$50k
    to
    $100k

    >$100k
    to
    $200k

    >$200k
    to
    $500k

    >$500k
    to
    $1m

    >$1m
    to
    $2m

    >$2m
    to
    $5m

    >$5m
    to
    $10m

    >$10
    to
    $20m

    >$20m
    to
    $50m

    >$50m

    Listed trusts

    1.2%

    2.2%

    3.5%

    4.7%

    5.4%

    5.8%

    5.3%

    4.5%

    3.9%

    2.4%

    1.8%

    Unlisted trusts

    2.2%

    4.6%

    6.8%

    7.1%

    8.0%

    9.8%

    11.9%

    14.3%

    17.0%

    20.1%

    19.9%

    Insurance policy

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    Other managed investments

    1.1%

    1.9%

    2.9%

    3.9%

    4.5%

    5.3%

    5.4%

    5.2%

    4.8%

    3.6%

    2.3%

    Cash and term deposits

    53.6%

    47.4%

    43.3%

    29.8%

    24.3%

    23.4%

    20.9%

    17.9%

    15.2%

    12.4%

    16.6%

    Debt securities

    0.2%

    0.3%

    0.4%

    0.7%

    1.1%

    1.5%

    1.8%

    2.0%

    2.1%

    1.8%

    0.6%

    Loans

    1.7%

    2.3%

    1.7%

    0.7%

    0.5%

    0.5%

    0.6%

    0.8%

    0.9%

    2.0%

    3.8%

    Listed shares

    22.3%

    23.7%

    24.6%

    24.5%

    26.5%

    29.8%

    31.0%

    31.2%

    29.3%

    23.1%

    16.9%

    Unlisted shares

    2.2%

    2.5%

    1.8%

    1.0%

    0.7%

    0.7%

    1.0%

    1.4%

    2.2%

    3.9%

    2.4%

    Limited recourse borrowing arrangements

    <0.1%

    0.2%

    1.2%

    12.6%

    12.8%

    5.7%

    3.2%

    3.1%

    4.0%

    6.4%

    13.1%

    Non-residential real property

    0.7%

    1.5%

    2.8%

    5.3%

    6.4%

    8.3%

    10.1%

    11.0%

    11.5%

    13.8%

    14.2%

    Residential real property

    0.9%

    2.3%

    3.1%

    5.5%

    6.4%

    5.7%

    4.9%

    3.8%

    3.5%

    2.1%

    0.7%

    Collectables and personal use assets

    0.5%

    0.5%

    0.3%

    0.1%

    0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    Other assets

    11.7%

    8.8%

    5.8%

    3.0%

    2.3%

    2.3%

    2.4%

    2.6%

    3.1%

    3.6%

    4.2%

    Overseas shares

    1.1%

    0.9%

    0.8%

    0.7%

    0.6%

    0.7%

    1.0%

    1.5%

    1.8%

    3.0%

    3.2%

    Overseas non- residential real property

    0.1%

    0.1%

    0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    0.3%

    <0.1%

    Overseas residential real property

    0.1%

    0.4%

    0.3%

    0.1%

    0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    Overseas managed investments

    0.1%

    0.1%

    0.1%

    0.1%

    0.1%

    0.1%

    0.2%

    0.2%

    0.2%

    0.5%

    <0.1%

    Other overseas assets

    0.3%

    0.4%

    0.4%

    0.3%

    0.3%

    0.3%

    0.4%

    0.4%

    0.5%

    1.1%

    0.4%

    Total

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    Asset value ranges of funds – 2016–17

    Asset type

    $1
    to
    $50k

    >$50k
    to
    $100k

    >$100k
    to
    $200k

    >$200k
    to
    $500k

    >$500k
    to
    $1m

    >$1m
    to
    $2m

    >$2m
    to
    $5m

    >$5m
    to
    $10m

    >$10
    to
    $20m

    >$20m
    to
    $50m

    >$50m

    Listed trusts

    1.3%

    2.2%

    3.1%

    4.0%

    4.6%

    4.8%

    4.5%

    3.8%

    3.4%

    2.2%

    2.2%

    Unlisted trusts

    2.5%

    4.9%

    6.4%

    6.8%

    7.8%

    9.3%

    11.4%

    13.9%

    17.2%

    20.0%

    17.7%

    Insurance policy

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    0.1%

    <0.1%

    Other managed investments

    1.2%

    1.8%

    2.6%

    3.7%

    4.3%

    4.9%

    4.9%

    4.9%

    4.2%

    3.3%

    2.1%

    Cash and term deposits

    53.2%

    48.5%

    45.5%

    31.4%

    26.6%

    26.2%

    23.7%

    19.8%

    15.9%

    12.7%

    12.8%

    Debt securities

    0.2%

    0.3%

    0.4%

    0.7%

    1.1%

    1.4%

    1.8%

    2.0%

    2.0%

    1.8%

    2.1%

    Loans

    1.7%

    2.2%

    1.7%

    0.8%

    0.5%

    0.5%

    0.6%

    0.8%

    1.1%

    2.4%

    1.9%

    Listed shares

    22.6%

    22.8%

    23.2%

    23.4%

    25.4%

    28.5%

    29.3%

    29.0%

    26.1%

    19.8%

    16.2%

    Unlisted shares

    2.5%

    2.4%

    2.0%

    1.1%

    0.7%

    0.7%

    1.0%

    1.4%

    2.3%

    4.0%

    2.9%

    Limited recourse borrowing arrangements

    <0.1%

    0.2%

    1.3%

    12.5%

    12.0%

    5.6%

    3.3%

    3.2%

    4.6%

    8.8%

    13.5%

    Non-residential real property

    0.8%

    1.7%

    3.1%

    5.7%

    7.1%

    8.9%

    10.7%

    11.9%

    13.7%

    14.2%

    15.5%

    Residential real property

    0.9%

    2.2%

    3.1%

    5.8%

    6.6%

    5.7%

    5.1%

    4.2%

    3.7%

    2.2%

    0.7%

    Collectables and personal use assets

    0.4%

    0.5%

    0.4%

    0.1%

    0.1%

    0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    Other assets

    11.2%

    8.5%

    5.6%

    3.0%

    2.4%

    2.4%

    2.5%

    3.1%

    3.7%

    4.9%

    9.4%

    Overseas shares

    0.7%

    0.7%

    0.7%

    0.5%

    0.5%

    0.6%

    0.8%

    1.3%

    1.4%

    2.4%

    2.9%

    Overseas non- residential real property

    0.1%

    0.1%

    0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    0.2%

    <0.1%

    Overseas residential real property

    0.2%

    0.5%

    0.3%

    0.1%

    0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    Overseas managed investments

    0.1%

    0.1%

    0.1%

    0.1%

    0.1%

    0.1%

    0.1%

    0.2%

    0.2%

    0.3%

    0.1%

    Other overseas assets

    0.4%

    0.6%

    0.5%

    0.3%

    0.3%

    0.3%

    0.3%

    0.4%

    0.5%

    0.8%

    0.2%

    Total

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    Asset value ranges of funds – 2015–16

    Asset type

    $1
    to
    $50k

    >$50k
    to
    $100k

    >$100k
    to
    $200k

    >$200k
    to
    $500k

    >$500k
    to
    $1m

    >$1m
    to
    $2m

    >$2m
    to
    $5m

    >$5m
    to
    $10m

    >$10
    to
    $20m

    >$20m
    to
    $50m

    >$50m

    Listed trusts

    1.4%

    2.1%

    3.1%

    4.0%

    4.6%

    4.9%

    4.6%

    4.2%

    3.5%

    2.8%

    2.2%

    Unlisted trusts

    2.4%

    4.3%

    6.0%

    6.7%

    7.6%

    9.0%

    10.9%

    13.3%

    16.1%

    17.9%

    24.2%

    Insurance policy

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    Other managed investments

    1.5%

    2.1%

    2.8%

    3.8%

    4.5%

    5.0%

    5.2%

    5.3%

    5.3%

    4.7%

    3.1%

    Cash and term deposits

    53.5%

    48.9%

    45.6%

    31.5%

    27.0%

    26.2%

    23.5%

    19.7%

    16.0%

    13.3%

    12.6%

    Debt securities

    0.2%

    0.2%

    0.3%

    0.7%

    1.1%

    1.4%

    1.7%

    1.9%

    2.0%

    1.9%

    1.7%

    Loans

    2.0%

    2.3%

    1.6%

    0.8%

    0.5%

    0.5%

    0.6%

    0.9%

    1.3%

    2.3%

    3.0%

    Listed shares

    22.1%

    23.1%

    23.9%

    24.5%

    26.2%

    28.8%

    29.5%

    29.6%

    27.5%

    25.2%

    27.1%

    Unlisted shares

    2.7%

    2.4%

    2.0%

    1.0%

    0.7%

    0.8%

    1.0%

    1.4%

    2.7%

    4.0%

    1.9%

    Limited recourse borrowing arrangements

    0.2%

    0.6%

    1.5%

    8.9%

    8.1%

    3.9%

    2.5%

    2.6%

    4.2%

    6.6%

    7.1%

    Non-residential real property

    1.0%

    2.0%

    3.3%

    7.4%

    9.3%

    10.7%

    12.3%

    12.9%

    13.0%

    10.6%

    10.6%

    Residential real property

    0.9%

    2.0%

    2.5%

    6.4%

    6.9%

    5.3%

    4.4%

    3.2%

    2.3%

    1.5%

    0.5%

    Collectables and personal use assets

    0.4%

    0.5%

    0.4%

    0.1%

    0.1%

    0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    Other assets

    10.4%

    7.9%

    5.6%

    3.1%

    2.6%

    2.5%

    2.7%

    3.2%

    3.9%

    5.0%

    4.8%

    Overseas shares

    0.6%

    0.5%

    0.6%

    0.5%

    0.4%

    0.5%

    0.7%

    1.0%

    1.2%

    2.2%

    0.9%

    Overseas non- residential real property

    0.1%

    0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    0.2%

    <0.1%

    Overseas residential real property

    0.2%

    0.4%

    0.3%

    0.1%

    0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    Overseas managed investments

    <0.1%

    0.1%

    0.1%

    0.1%

    0.1%

    0.1%

    0.1%

    0.2%

    0.3%

    0.4%

    <0.1%

    Other overseas assets

    0.5%

    0.6%

    0.6%

    0.3%

    0.3%

    0.3%

    0.4%

    0.5%

    0.7%

    1.5%

    0.1%

    Total

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    Asset value ranges of funds – 2014–15

    Asset type

    $1
    to
    $50k

    >$50k
    to
    $100k

    >$100k
    to
    $200k

    >$200k
    to
    $500k

    >$500k
    to
    $1m

    >$1m
    to
    $2m

    >$2m
    to
    $5m

    >$5m
    to
    $10m

    >$10
    to
    $20m

    >$20m
    to
    $50m

    >$50m

    Listed trusts

    1.4%

    2.0%

    2.7%

    3.8%

    4.3%

    4.5%

    4.3%

    3.9%

    3.5%

    2.9%

    1.9%

    Unlisted trusts

    2.2%

    3.9%

    5.7%

    6.3%

    7.1%

    8.4%

    10.1%

    12.5%

    14.9%

    16.8%

    21.6%

    Insurance policy

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    Other managed investments

    1.4%

    2.0%

    2.8%

    3.9%

    4.7%

    5.1%

    5.1%

    5.3%

    5.8%

    4.5%

    2.0%

    Cash and term deposits

    53.8%

    50.0%

    46.9%

    32.9%

    28.2%

    26.9%

    24.0%

    20.2%

    16.4%

    14.0%

    16.3%

    Debt securities

    0.1%

    0.2%

    0.3%

    0.6%

    1.0%

    1.2%

    1.5%

    1.6%

    2.0%

    1.9%

    1.0%

    Loans

    2.0%

    2.4%

    1.6%

    0.8%

    0.5%

    0.5%

    0.6%

    0.8%

    1.1%

    2.4%

    4.3%

    Listed shares

    21.3%

    21.9%

    23.2%

    24.8%

    27.4%

    30.2%

    31.7%

    31.9%

    30.9%

    27.5%

    20.8%

    Unlisted shares

    2.4%

    2.4%

    2.0%

    1.0%

    0.8%

    0.8%

    1.0%

    1.3%

    2.3%

    2.1%

    6.1%

    Limited recourse borrowing arrangements

    0.2%

    0.7%

    1.3%

    7.7%

    6.6%

    3.2%

    2.1%

    2.4%

    3.4%

    6.0%

    9.6%

    Non-residential real property

    0.9%

    2.0%

    3.6%

    8.1%

    10.0%

    11.0%

    12.3%

    12.6%

    11.9%

    11.3%

    5.8%

    Residential real property

    1.1%

    2.0%

    2.5%

    5.8%

    6.0%

    4.5%

    3.5%

    2.7%

    2.0%

    1.4%

    2.5%

    Collectables and personal use assets

    0.5%

    0.6%

    0.4%

    0.2%

    0.1%

    0.1%

    0.1%

    0.1%

    <0.1%

    <0.1%

    <0.1%

    Other assets

    11.4%

    8.3%

    5.5%

    3.2%

    2.6%

    2.5%

    2.7%

    3.2%

    3.5%

    4.8%

    7.0%

    Overseas shares

    0.5%

    0.5%

    0.5%

    0.4%

    0.4%

    0.4%

    0.6%

    0.9%

    1.2%

    2.4%

    0.5%

    Overseas non- residential real property

    0.1%

    0.1%

    0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    0.2%

    <0.1%

    Overseas residential real property

    0.2%

    0.4%

    0.3%

    0.1%

    0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    Overseas managed investments

    <0.1%

    <0.1%

    0.1%

    0.1%

    0.1%

    0.1%

    0.1%

    0.2%

    0.3%

    0.5%

    0.1%

    Other overseas assets

    0.5%

    0.7%

    0.6%

    0.4%

    0.3%

    0.4%

    0.5%

    0.5%

    0.8%

    1.3%

    0.5%

    Total

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    100%

    Membership sizes table

    This table shows the distribution of SMSFs based on the number of members. These figures are based on SMSF annual return data.

    The data was extracted on 29 August 2019.

    Proportion of funds by number of members (%)

    Number of members

    2017–18

    2016–17

    2015–16

    2014–15

    1

    23.4%

    22.9%

    22.8%

    22.8%

    2

    69.5%

    69.6%

    69.5%

    69.4%

    3

    3.5%

    3.6%

    3.7%

    3.8%

    4

    3.6%

    3.8%

    3.9%

    4.0%

    Total

    100%

    100%

    100%

    100%

    Fund demographic tables

    These tables contain estimates of the proportion of funds, members and assets, by state and territory.

    State or territory refers to where the fund is administered, not necessarily where the members live.

    These figures are estimates based on SMSF annual return data for the 2015 to 2018 financial years.

    The data was extracted on 29 August 2019.

    Funds, by state/territory

    State/territory

    2017–18

    2016–17

    2015–16

    2014–15

    ACT

    1.7%

    1.6%

    1.6%

    1.7%

    NSW

    33.2%

    33.7%

    33.4%

    33.2%

    NT

    0.2%

    0.2%

    0.2%

    0.2%

    QLD

    16.9%

    16.7%

    16.8%

    16.6%

    SA

    6.9%

    6.9%

    6.9%

    7.0%

    TAS

    1.3%

    1.3%

    1.3%

    1.3%

    VIC

    30.3%

    30.3%

    30.2%

    30.2%

    WA

    9.6%

    9.4%

    9.6%

    9.8%

    Total

    100%

    100%

    100%

    100%

    Members, by state/territory

    State/territory

    2017–18

    2016–17

    2015–16

    2014–15

    ACT

    1.7%

    1.6%

    1.6%

    1.7%

    NSW

    33.3%

    33.8%

    33.4%

    33.3%

    NT

    0.2%

    0.2%

    0.2%

    0.2%

    QLD

    16.8%

    16.6%

    16.8%

    16.6%

    SA

    6.9%

    6.9%

    6.9%

    7.0%

    TAS

    1.3%

    1.3%

    1.3%

    1.3%

    VIC

    30.2%

    30.2%

    30.1%

    30.1%

    WA

    9.6%

    9.4%

    9.6%

    9.9%

    Total

    100%

    100%

    100%

    100%

    Value of assets, by state/territory

    State/territory

    2017–18

    2016–17

    2015–16

    2014–15

    ACT

    1.8%

    1.7%

    1.7%

    1.8%

    NSW

    35.3%

    35.8%

    35.0%

    34.4%

    NT

    0.2%

    0.2%

    0.2%

    0.2%

    QLD

    15.5%

    15.3%

    15.7%

    15.7%

    SA

    6.8%

    6.9%

    7.0%

    7.1%

    TAS

    1.2%

    1.2%

    1.2%

    1.2%

    VIC

    30.4%

    30.4%

    30.2%

    30.3%

    WA

    8.8%

    8.5%

    9.0%

    9.2%

    Total

    100%

    100%

    100%

    100%

    Member demographic table – age ranges

    This table contains the age distribution of individuals who were members of SMSFs as at the end of June 2019.

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

    It was extracted on 29 August 2019.

    Members, by sex and age range

    Age ranges

    Male

    Female

    Total

    <25

    0.5%

    0.5%

    0.5%

    25–34

    3.2%

    3.3%

    3.2%

    35–44

    10.8%

    11.7%

    11.2%

    45–49

    9.7%

    10.5%

    10.1%

    50–54

    10.9%

    11.7%

    11.3%

    55–59

    12.9%

    13.5%

    13.2%

    60–64

    13.0%

    13.7%

    13.3%

    65–69

    12.9%

    13.4%

    13.1%

    70–74

    12.3%

    11.4%

    11.8%

    75–84

    11.7%

    9.0%

    10.4%

    85+

    2.2%

    1.3%

    1.8%

    Total

    100%

    100%

    100%

    All ages

    52.7%

    47.3%

    100%

    Member demographic table – income ranges

    This table contains the distribution of the taxable income of individuals who were SMSF members as at the end of June 2019.

    The data is an estimate based on ABR data and the member’s most recently lodged personal tax return.

    It was extracted on 29 August 2019.

    Members, by sex and income ranges

    Income ranges

    Male

    Female

    Total

    $0 to $20,000

    19.9%

    26.1%

    22.8%

    >$20,000 to $40,000

    16.0%

    20.8%

    18.3%

    >$40,000 to $60,000

    10.6%

    13.7%

    12.1%

    >$60,000 to $80,000

    9.7%

    10.0%

    9.8%

    >$80,000 to $100,000

    9.4%

    8.5%

    9.0%

    >$100,000 to $150,000

    13.1%

    8.6%

    11.0%

    >$150,000 to $200,000

    8.0%

    5.0%

    6.6%

    >$200,000 to $500,000

    8.6%

    4.1%

    6.5%

    >$500,000

    2.7%

    1.0%

    1.9%

    Unknown

    2.1%

    2.1%

    2.1%

    Total

    100%

    100%

    100%

    Total asset range tables

    These tables show:

    • the proportion of funds by their size (based on asset range)
    • the proportion of total assets that are held by SMSFs of different sizes (based on their asset range).

    These figures are estimates based on SMSF annual return data for the 2015 to 2018 financial years.

    The data was extracted on 29 August 2019.

    Proportion of funds, by asset range of fund

    Asset Ranges

    2017–18

    2016–17

    2015–16

    2014–15

    $0 to $50,000

    5.6%

    5.8%

    6.1%

    6.7%

    >$50,000 to $100,000

    2.9%

    3.6%

    4.2%

    4.5%

    >$100,000 to $200,000

    7.1%

    8.2%

    9.2%

    9.5%

    >$200,000 to $500,000

    22.4%

    23.3%

    24.3%

    24.0%

    >$500,000 to $1m

    25.0%

    24.4%

    24.2%

    23.6%

    >$1m to $2m

    20.4%

    19.2%

    18.3%

    18.0%

    >$2m to $5m

    13.1%

    12.1%

    11.0%

    10.9%

    >$5m to $10m

    2.7%

    2.5%

    2.2%

    2.2%

    >$10m to $20m

    0.7%

    0.6%

    0.4%

    0.4%

    >$20m to $50m

    0.1%

    0.1%

    0.1%

    0.1%

    >$50m

    <0.1%

    <0.1%

    <0.1%

    <0.1%

    Total

    100%

    100%

    100%

    100%

    Proportion of assets, by asset range of fund

    Asset Ranges

    2017–18

    2016–17

    2015–16

    2014–15

    $0 to $50,000

    <0.1%

    0.1%

    0.1%

    0.1%

    >$50,000 to $100,000

    0.2%

    0.2%

    0.3%

    0.3%

    >$100,000 to $200,000

    0.8%

    1.0%

    1.3%

    1.3%

    >$200,000 to $500,000

    6.2%

    6.8%

    7.7%

    7.7%

    >$500,000 to $1m

    14.1%

    14.6%

    15.9%

    15.8%

    >$1m to $2m

    22.6%

    22.5%

    23.3%

    23.5%

    >$2m to $5m

    30.8%

    30.2%

    29.9%

    30.1%

    >$5m to $10m

    14.4%

    14.2%

    13.4%

    13.5%

    >$10m to $20m

    6.7%

    6.4%

    5.3%

    5.1%

    >$20m to $50m

    2.8%

    2.8%

    2.3%

    2.0%

    >$50m

    1.2%

    1.2%

    0.7%

    0.7%

    Total

    100%

    100%

    100%

    100%

    Average and median assets table

    This table shows the average and median total assets per SMSF member and per SMSF at the end of each financial year.

    These figures are estimates based on SMSF annual return data for the 2015 to 2018 financial years.

    The data was extracted on 29 August 2019.

    Average and median assets table

    Asset values

    2017–18
    ($)

    2016–17
    ($)

    2015–16
    ($)

    2014–15
    ($)

    Average assets per member

    678,621

    636,926

    581,355

    569,988

    Median assets per member

    408,237

    372,316

    342,323

    334,663

    Average assets per SMSF

    1,271,356

    1,199,263

    1,096,521

    1,076,894

    Median assets per SMSF

    719,840

    660,993

    610,607

    598,557

    Flow of funds table

    This table shows estimates of the total amount of ‘flows’ into and out of SMSFs during each financial year. It shows:

    • contributions – member and employer
    • transfers – inward and outward
    • benefits payments
    • total expenses
    • operating expenses.

    Total expenses includes deductible and non-deductible expenses reported on the SMSF annual return.

    The operating expenses category is based on the following return labels:

    • SMSF auditor fee
    • management and administration expenses
    • other amounts
    • supervisory levy.

    These figures are estimates based on SMSF annual return data for the 2015 to 2018 financial years.

    The data was extracted on 02 August 2019.

    There was a significant drop of $22,245 million (66%) in the level of member contributions from $33,867 million in 2016–17 to $11,622 million in 2017–18.

    Benefit payments made by SMSFs also decreased by 15% to $37,686 million in 2017–18, after peaking at $44,290 million in 2016–17.

    We attribute this decline to a normalisation of flows after a spike in the 2016–17 year. Some SMSFs restructured in recent years to prepare for the superannuation measures that came into effect 1 July 2017, in particular the introduction of the $1.6 million total super balance and transfer balance cap.

    Flow of funds, by type

    Year

    Member contributions
    ($m)

    Employer contributions
    ($m)

    Inward transfers
    ($m)

    Outward transfers
    ($m)

    Benefit payments
    ($m)

    Total expenses
    ($m)

    Operating expenses
    ($m)

    2017–18

    11,622

    5,733

    15,139

    8,932

    37,686

    8,431

    3,649

    2016–17

    33,867

    7,248

    17,947

    8,873

    44,290

    8,238

    3,599

    2015–16

    24,162

    7,121

    14,826

    5,444

    34,986

    7,878

    3,720

    2014–15

    24,745

    6,881

    14,944

    5,589

    33,260

    6,535

    2,966

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      Last modified: 23 Jul 2020QC 63253