At 30 June 2013, there were approximately 964,000 members in the SMSF sector, of whom 53% were male and 47% female. 21 There was an even distribution of males and females across the younger age ranges of 34 years old and under. There were a higher proportion of female members than male members between the ages of 35 and 64, while a higher proportion of males for those 65 years old and over.
SMSFs with two members continue to be the dominant structure of the SMSF sector. At 30 June 2012, they represented 69% of SMSFs, 23% were single-member SMSFs and three and four-member SMSFs each represented 4%.
The proportion of members receiving pension payments from an SMSF continued to trend upwards. At 30 June 2012, 30% of members were fully or partially in the pension phase, compared to 21% at 30 June 2008.22 Further, 6.5% of SMSF members receiving pension payments also reported they were in receipt of the age pension. This was slightly higher than the trend over the five years to 2012.
At 30 June 2012, 21% of SMSF members also had entitlements in non-SMSF funds or mainstream funds. This is a decrease of 4% from 2008.