• Self–managed super fund statistical report – June 2012

    We publish regular statistical reports for the self–managed super fund (SMSF) market. The contents of this report have been worked out following valuable feedback from the super industry.

    The information in this report includes:

    • SMSF population and asset allocation tables
      • population of SMSFs and members
      • asset allocation (break–up of assets into various classes).
    • Annual SMSF population analysis tables
      • asset allocation by asset value of the fund
      • membership sizes (SMSFs with 1, 2, 3 or 4 members)
      • demographics (state break–up of SMSFs, members and assets)
      • member demographics (age and income of members)
      • total asset ranges (distribution of the size of SMSFs)
      • average and median assets (per member and per SMSF)
      • flow of funds (contributions, transfers, benefits and expenses).
    • SMSF quarterly establishment tables
      • demographics (state break up of SMSFs)
      • member demographics (age of new members)
      • member demographics (income range of new members).

    See also:

    It is worth noting that most of the information in this report is estimated, and caution should be taken when using or presenting this data. The estimations have been based on the data provided by SMSFs reporting their financial position as at 30 June of the relevant financial year.

    The SMSF population and asset allocation tables are updated on a quarterly basis. The next report will cover the period up to 30 September 2012 and should be available in November 2012. The remainder of the tables are updated annually when the June quarter updates are published.

    Next step:

    • Email us at smsf_feedback@ato.gov.au – if you would like to provide feedback on this report. Keep in mind that this email address is for your feedback only.

    Statistics explanatory notes

    General notes

    Much of the information in the statistical tables is estimated based on data reported to us. Caution should be taken when using or presenting this data. The estimates have been based on data provided by SMSFs reporting their financial position as at 30 June of the relevant financial year.

    To view the methodology we use to produce the SMSF statistics, refer to Self–managed super fund quarterly statistics methodology.

    Rounding of figures may cause minor discrepancies to totals.

    The SMSF population, asset allocation and establishment tables are updated on a quarterly basis with the remainder of the tables updated annually when the June quarter updates are published.

    Quarterly reports (as at the end of March, June, September and December each year) will generally be published between one to two months after the end of the quarter.

    Additional information

    From the June 2012 report, the 2010–11 annual return data has been incorporated into our estimation model for the first time. The estimates are now a more accurate reflection of SMSF asset holdings.

    In addition, the following improvements have been made to this report:

    • The 'Average assets' table now includes median assets.
    • The methodology for reporting contributions in the 'Flow of funds' table has been adjusted to separate employer, member and other contributions.

    Upgrades to our systems have provided an improved level of data integrity. The annual figures in the June 2012 report are reported for the first time from the upgraded systems. Both the system changes and ATO data–cleansing activity has resulted in changes to figures previously reported.

    One result was an increase in the reported number of funds that have wound up, the majority of which are recorded as occurring in the June 2010 quarter. In turn, this resulted in a decrease in our estimate of the SMSF population over time.

    Note: On 13 April 2012 the ATO released Self–managed superannuation funds: A statistical overview 2009–10. As the Overview is based on historical data it will differ from the more recent data in this June 2012 quarter SMSF statistical report.

      Last modified: 05 Mar 2013QC 26498