Appendix 1 – Data tables

You can also download Appendix 1 Data tables (XLXS 104KB)This link will download a file

Note: Certain tables are from those reported in the Self-managed super fund statistical report, June 2017.

See also:

To view data from before 2009, go to:

• Self-managed super fund statistical report – June 2012
• Self-managed super fund statistical report – June 2013
• To view the methodology document for the SMSF quarterly statistics, refer to Self-managed super fund quarterly statistics methodology
  • This report does not address income tax issues relating to SMSFs. However, we release annual Taxation statistics presenting an overview of income tax returns, including for superannuation funds.
   

Table 1: Yearly SMSF population and asset size

This table shows the:

• number of SMSFs that were established or wound up during each financial year
• overall number of SMSFs and members
• total assets in SMSFs.

These figures are estimates based on SMSF annual return form data. To ensure consistency, the figures used in this table are those reported in the Self-managed super fund statistical report, June 2017.

SMSF population and assets – annual

SMSFs	2013	2014	2015	2016	2017
Establishments	39,616	33,823	34,421	33,194	29,620
Wind-ups	11,054	12,189	12,111	10,551	1,419
Net establishments	28,562	21,634	22,310	22,643	28,201
Total SMSFs	501,728	523,362	545,672	568,315	596,516
Total members	949,322	991,006	1,032,990	1,070,796	1,124,453
Total assets ($m)	478,348	537,065	590,398	634,683	696,728

Table 2: SMSF age distribution

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

SMSF age distribution

SMSF age since establishment (as at 30/06/2017)	Proportion of SMSFs
In 1st year of establishment	4.8%
>1–2 years	5.3%
>2–3 years	5.5%
>3–5 years	11.3%
>5–10 years	19.7%
>10 years	53.1%
N/A	0.3%
Total	100%
Average SMSF age	9 years
Median SMSF age	9 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 over those periods, along with contributions by fund size.

These figures are estimates based on SMSF annual return form data. To ensure consistency, the total contributions figures used are those reported in the Self-managed super fund statistical report, June 2017.

Total SMSF contributions ($m)

Total	2012	2013	2014	2015	2016
Member	19,121	17,979	19,687	25,308	25,133
Employer	7,486	5,445	6,043	6,959	7,129

Mean SMSF contributions ($)

Mean	2012	2013	2014	2015	2016
Member	83,448	76,534	80,278	98,953	98,898
Employer	29,953	20,412	22,075	24,633	25,056

Median SMSF contributions ($)

Median	2012	2013	2014	2015	2016
Member	18,563	18,085	20,000	25,000	25,000
Employer	19,180	16,839	17,511	18,657	19,175

Member contributions, by fund size (% per year)

Fund size	2012	2013	2014	2015	2016
$1–$50k	0.60%	0.54%	0.48%	0.37%	0.32%
>$50k–$100k	0.71%	0.60%	0.48%	0.41%	0.37%
>$100k–$200k	2.42%	2.15%	1.81%	1.33%	1.07%
>$200k–$500k	11.88%	10.99%	9.35%	7.29%	6.58%
>$500k–$1m	23.03%	21.93%	20.45%	18.36%	18.08%
>$1m–$2m	28.31%	29.21%	29.02%	29.12%	29.89%
>$2m–$5m	24.87%	26.24%	28.20%	30.87%	31.89%
>$5m–$10m	6.85%	6.87%	8.20%	9.58%	9.13%
>$10m	1.33%	1.47%	2.02%	2.66%	2.68%

Employer contributions, by fund size (% per year)

Fund size	2012	2013	2014	2015	2016
$1–$50k	1.89%	2.37%	1.94%	1.54%	1.33%
>$50k–$100k	2.95%	3.45%	2.91%	2.52%	2.15%
>$100k–$200k	7.26%	8.85%	7.68%	6.65%	6.11%
>$200k–$500k	22.04%	24.90%	23.40%	22.76%	22.67%
>$500k–$1m	25.36%	24.92%	25.01%	25.86%	26.71%
>$1m–$2m	22.40%	19.77%	20.75%	21.52%	21.89%
>$2m–$5m	14.50%	12.48%	14.23%	14.86%	14.78%
>$5m–$10m	3.04%	2.70%	3.26%	3.41%	3.47%
>$10m	0.56%	0.56%	0.82%	0.89%	0.90%

Additional data tables on member and employer contributions by member age can be accessed in Appendix 1 Data tables (XLXS 104KB)This link will download a file.

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 over those periods, along with rollovers by fund size.

These figures are estimates based on SMSF annual return form data. To ensure consistency, the total rollover figures used are those reported in the Self-managed super fund statistical report, June 2017.

Total SMSF rollovers ($m)

Total	2012	2013	2014	2015	2016
Inward	16,025	16,595	15,249	15,384	15,329
Outward	3,797	4,280	5,116	5,666	5,627

Mean SMSF rollovers ($)

Mean	2012	2013	2014	2015	2016
Inward	209,376	199,242	194,623	206,027	202,005
Outward	273,333	291,959	294,402	329,047	303,338

Median SMSF rollovers ($)

Median	2012	2013	2014	2015	2016
Inward	84,561	83,107	81,147	80,274	79,869
Outward	58,769	67,377	84,034	94,694	86,815

Inward rollovers, by fund size (% per year)

Fund size	2012	2013	2014	2015	2016
$1–$50k	0.95%	0.75%	0.63%	0.52%	0.42%
>$50k–$100k	1.98%	2.04%	1.86%	1.48%	1.42%
>$100k–$200k	6.83%	7.63%	7.70%	6.60%	6.62%
>$200k–$500k	20.93%	21.85%	21.83%	20.76%	22.17%
>$500k–$1m	25.44%	24.12%	23.73%	22.79%	23.30%
>$1m–$2m	22.32%	21.02%	21.09%	21.10%	21.74%
>$2m–$5m	14.88%	15.25%	16.35%	17.30%	16.39%
>$5m–$10m	4.78%	4.27%	4.91%	5.60%	5.32%
>$10m	1.89%	3.07%	1.91%	3.85%	2.62%

Outward rollovers, by fund size (% per year)

Fund size	2012	2013	2014	2015	2016
$1–$50k	22.81%	14.33%	13.96%	13.30%	12.78%
>$50k–$100k	2.05%	1.78%	2.38%	1.86%	1.71%
>$100k–$200k	2.41%	2.86%	3.09%	2.74%	2.62%
>$200k–$500k	7.54%	8.90%	7.88%	8.34%	7.53%
>$500k–$1m	13.39%	13.06%	13.65%	13.39%	14.24%
>$1m–$2m	17.60%	17.46%	18.58%	17.09%	19.99%
>$2m–$5m	21.20%	23.80%	25.33%	25.53%	25.50%
>$5m–$10m	10.36%	11.42%	11.43%	10.90%	9.06%
>$10m	2.64%	6.39%	3.70%	6.85%	6.57%

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.

To ensure consistency, the estimates for total benefit payments figures used are those reported in the Self-managed super fund statistical report, June 2017.The average and median figures are based on SMSF annual return form data.

SMSF benefit payments 2012–16

SMSF benefit payments	2012	2013	2014	2015	2016
Total ($m)	22,631	25,582	29,647	33,914	37,009
Average ($)	101,217	109,390	121,474	127,454	127,252
Median ($)	52,000	53,660	61,000	62,910	62,663

Types of SMSF benefit payments 2012–16

Type of benefit	2012	2013	2014	2015	2016
Lump sum benefit	9.1%	7.3%	6.2%	6.1%	5.8%
Income stream benefit	70.7%	81.3%	81.1%	82.0%	83.1%
Transition to retirement benefit	11.5%	11.4%	12.7%	11.9%	11.2%
Combination*	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.

SMSF members receiving benefit payments in 2016, by age range

Age range	(%) members receiving benefit payments	average member benefit payment	average member balance**
< 55	2.1%	$27,504	$598,834
55–59	7.9%	$42,246	$872,727
60–64	23.9%	$69,613	$976,814
65–69	30.0%	$81,361	$1,012,869
70–74	20.9%	$78,898	$1,053,650
>74	15.2%	$95,803	$1,074,676
Unknown^	0.0%	$184,889	$971,892
Total	100%	$76,067	$1,002,586

• **Average member balance is calculated prior to benefit payment.
• ^ Unknown value indicates a value less than 0.1% but is greater than 0.
• Additional data tables on members receiving income stream benefit payments and lump sum and income stream benefit payments by benefit type can be accessed in Appendix 1 Data tables (XLXS 104KB)This link will download a file.

Table 6: SMSF trustee type

This table shows the trustee structure (either corporate or individual trustees) of the SMSF population as at 30 June 2017, plus new registrations for the years 30 June 2015 to 30 June 2017.

SMSF trustee type

Trustee type	% of all SMSFs (at 30/06/2017)	2015 registrations	2016 registrations	2017 registrations
Corporate	56.78%	26,770 (80.02%)	27,274 (80.82%)	25,589 (80.84%)
Individual	43.22%	6,684 (19.98%)	6,473 (19.18%)	6,066 (19.16%)
Total	100%	33,454 (100%)	33,747 (100%)	31,655 (100%)

As we have revised the methodology and data used for determining SMSF trustee type, revised data tables for the 2013–14 and 2014–15 publications can be accessed in Appendix 1 Data tables (XLXS 104KB)This link will download a file.

Table 7: SMSFs by payment phase

This table shows the payment phase of SMSFs as at 30 June 2017 for the years 30 June 2012 to 30 June 2016.

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 return form data.

SMSFs by payment phase

No. of SMSFs	2012	2013	2014	2015	2016
In accumulation phase	57.3%	56.0%	55.0%	53.2%	52.9%
In partial pension phase	10.8%	11.3%	11.2%	11.3%	11.4%
In full pension phase	31.9%	32.7%	33.8%	35.5%	35.7%
Total	100%	100%	100%	100%	100%

Table 8: Audits performed by SMSF auditors

These tables show the number of SMSF auditors who performed audits in relation to each year of audit, the proportion of SMSF auditors to the number of audits they performed, and the proportion of total audits performed by SMSF auditors, for the years ended 30 June 2012 to 30 June 2016.

These figures are estimates based on SMSF annual return form data.

Number of SMSF auditors performing audits, by financial year

Number of auditors	2012	2013	2014	2015	2016
Total*	10,165	6,998	6,545	6,189	5,814

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

The year column refers to the year being audited, not the year the audit took place.

Proportion of SMSF auditors by number of audits, by financial year

Number of audits	2012	2013	2014	2015	2016
<5 funds	32.5%	16.6%	14.9%	13.4%	14.5%
5–50 funds	47.8%	51.1%	51.0%	50.6%	53.4%
51–250 funds	17.3%	27.8%	29.2%	30.4%	27.2%
>250 funds	2.4%	4.5%	5.0%	5.6%	4.8%
Total	100%	99%	100%	100%	100%

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

Proportion of total audits performed by SMSF auditors, by financial year

Number of audits	2012	2013	2014	2015	2016
<5 funds	1.4%	0.5%	0.4%	0.4%	0.4%
5–50 funds	24.3%	17.7%	16.5%	15.3%	16.7%
51–250 funds	40.2%	41.1%	39.7%	38.2%	37.7%
>250 funds	34.2%	40.7%	43.4%	46.2%	45.2%
Total	100%	100%	100%	100%	100%

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

Table 9: SAR lodgments per tax agent

This table shows the distribution of tax agents by the number of SMSF annual returns (SAR) they lodged in the years ended 30 June 2012 to 30 June 2016.

Distribution of SAR lodgments by number of tax agents, by year

Number of SMSF annual returns lodged per tax agent	Tax agents in 2012	Tax agents in 2013	Tax agents in 2014	Tax agents in 2015	Tax agents in 2016
1	2,559	2,409	2,322	2,239	2,015
2	1,249	1,258	1,245	1,150	1,157
3	862	820	826	836	775
4	623	650	652	640	603
5	543	550	528	504	528
6–10	1,794	1,762	1,844	1,820	1,698
11–20	2,019	2,029	2,031	2,021	1,924
21–100	3,774	3,929	4,040	4,101	3,828
101–500	817	905	972	1,001	875
>500	25	23	27	29	27
Total	14,265	14,335	14,487	14,341	13,430

Table 10: Age ranges of SMSF members

This table shows the approximate age distribution of SMSF members at 30 June 2017, along with the age distribution of members of SMSFs established in each year from 2012 to 2016. 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 2017	2012	2013	2014	2015	2016
< 25	0.7%	1.6%	1.6%	1.4%	1.2%	1.2%
25 – 34	3.8%	9.8%	10.2%	10.4%	11.0%	11.1%
35 – 44	12.4%	23.2%	27.0%	29.5%	29.7%	29.8%
45 – 49	10.6%	14.3%	15.3%	16.5%	16.6%	17.1%
50 – 54	11.9%	16.4%	16.5%	16.2%	15.8%	15.5%
55 – 59	13.7%	15.6%	13.9%	12.7%	12.7%	12.7%
60 – 64	13.7%	12.0%	9.5%	8.4%	7.8%	7.9%
65 – 69	13.6%	5.1%	4.3%	3.6%	3.7%	3.5%
70 – 74	10.5%	1.5%	1.3%	1.2%	1.1%	1.0%
75 – 84	8.1%	0.6%	0.4%	0.3%	0.4%	0.4%
85+	1.1%	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%	100%	100%	100%	100%	100%
Average member age	58.2	49.6	48.5	47.8	47.7	47.5
Median member age	58.9	50.4	48.7	47.6	47.4	47.2

As we have revised the methodology used for determining member age, the figures in the table above vary slightly from previous publications.

Table 11: SMSF members and non-SMSF members

These tables show the approximate age distribution of SMSF members at 30 June 2016, along with the average and median account balances for these members as reported on the 2016 SAR. It also includes 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 balance, by age range

Age range	% of All SMSF members at 30 June 2016	Average member balance as per 2016 SAR ($)	Median member balance as per 2016 SAR ($)
< 25	0.8%	50,232	8,255
25 – 34	3.5%	80,165	43,012
35 – 44	11.3%	149,059	96,112
45 – 49	9.7%	242,642	149,735
50 – 54	12.0%	363,855	208,418
55 – 59	14.5%	574,409	335,587
60 – 64	15.3%	782,658	497,888
65 – 69	15.4%	909,823	563,630
70 – 74	10.2%	977,517	578,080
75 – 84	6.9%	1,014,838	583,866
85+	0.5%	893,180	473,671
Unknown	0.0%	536,845	362,384
Total	100%	605,903	298,479

2016 SAR member taxable income, by age range

Age range	Average taxable income	Median taxable income
< 25	51,356	36,702
25 – 34	87,269	70,437
35 – 44	123,875	83,916
45 – 49	142,023	84,691
50 – 54	136,479	80,000
55 – 59	127,583	74,230
60 – 64	99,356	49,700
65 – 69	80,450	35,062
70 – 74	72,933	29,687
75 – 84	76,017	32,344
85+	114,691	47,716
Unknown	n/a	n/a
Total	108,705	58,968

2016 non-SMSF member* taxable income, by age ranges

Age ranges	Average taxable income	Median taxable income
< 25	30,966	26,515
25 – 34	54,418	48,856
35 – 44	70,665	57,522
45 – 49	75,286	58,027
50 – 54	72,927	56,260
55 – 59	69,732	53,755
60 – 64	57,028	43,781
65 – 69	46,408	33,281
70 – 74	38,033	25,550
75 – 84	36,662	25,135
85+	51,051	37,922
Unknown	n/a	n/a
Total	59,514	46,194

The non-SMSF member population are those individuals, excluding SMSF members, for whom we have received a 2016 member contribution statement.

Table 12: Average and median asset sizes

These tables show the average and median SMSF fund asset sizes and member account balances 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 return form data. To ensure consistency, the figures used in this table are those reported in the Self-managed super fund statistical report, June 2017.

Average and median asset sizes

Assets	2012	2013	2014	2015	2016
Average assets per member	475,044	508,620	547,291	577,620	599,265
Median assets per member	274,635	297,760	321,576	341,349	362,280
Average assets per SMSF	901,597	965,038	1,036,278	1,092,004	1,126,863
Median assets per SMSF	492,116	532,456	574,840	610,527	641,983

2016 Average member balance by age and gender

Age range	Female	Male	Total
< 25	47,677	40,063	43,769
25 – 34	62,607	79,710	71,263
35 – 44	118,653	160,453	139,323
45 – 49	199,534	263,180	230,966
50 – 54	307,799	390,137	349,030
55 – 59	485,159	618,431	552,644
60 – 64	671,324	827,330	751,156
65 – 69	805,047	922,955	867,558
70 – 74	855,571	989,165	930,419
75 – 84	890,875	984,859	948,295
85+	693,463	793,521	761,157
Unknown	375,520	517,964	545,214

Additional data tables on historical data from 2012 to 2015 can be accessed in Appendix 1 Data tables (XLXS 104KB)This link will download a file.

2016 Female SMSF members by closing balance range

Member balance range	Female members	% of female members
$0	24,299	6.0%
>$0–$50k	63,816	15.9%
>$50k–$100k	44,816	11.1%
>$100k–$200k	58,351	14.5%
>$200k–$500k	89,076	22.2%
>$500k–$1m	65,322	16.2%
>$1m–$2m	38,196	9.5%
>$2m–$5m	16,117	4.0%
>$5m–$10m	1,737	0.4%
>$10m	288	0.1%
Total	402,018	100%

Additional data tables on historical data from 2012 to 2015 can be accessed in Appendix 1 Data tables (XLXS 104KB)This link will download a file.

Table 13: Asset sizes in establishment year

This table shows the average and median SMSF asset sizes and member account balances in each establishment year from 30 June 2012 to 30 June 2016.

These figures are estimates based on SMSF annual return form data.

SMSF asset size in establishment year

From annual return for establishment year	2012	2013	2014	2015	2016
Average assets per member	180,833	181,994	180,238	194,910	203,530
Median assets per member	91,153	95,405	101,270	105,560	114,779
Average assets per SMSF	325,388	338,194	351,051	385,403	390,398
Median assets per SMSF	192,825	204,829	219,177	229,579	245,433

Table 14: Asset ranges, by fund and member size

These tables show the approximate distribution of SMSFs by fund asset sizes and by members’ account balances at the end of each financial year.

These figures are estimates based on SMSF annual return form data. To ensure consistency, the percentages used in this table are those reported in the Self-managed super fund statistical report, June 2017.

Asset range by fund size

Proportion of funds (%) by asset range

Fund asset range	2012	2013	2014	2015	2016
$1–$50k	7.5%	7.4%	6.9%	6.4%	5.6%
>$50k–$100k	6.0%	5.5%	4.9%	4.4%	3.7%
>$100k–$200k	11.7%	10.9%	10.2%	9.3%	8.6%
>$200k–$500k	25.5%	24.8%	24.2%	23.9%	24.0%
>$500k–$1m	22.6%	22.7%	23.2%	23.9%	24.8%
>$1m–$2m	16.2%	17.0%	17.7%	18.3%	19.0%
>$2m–$5m	8.7%	9.6%	10.4%	11.1%	11.5%
>$5m–$10m	1.5%	1.8%	2.0%	2.2%	2.3%
>$10m	0.3%	0.4%	0.5%	0.5%	0.5%
Total	100%	100%	100%	100%	100%

Asset range by members' account balance

Proportion of members (%) by member’s balance range

Member asset range	2012	2013	2014	2015	2016
>$0–$50k	12.6%	11.1%	9.6%	8.5%	7.1%
>$50k–$100k	11.5%	11.0%	10.2%	9.3%	8.5%
>$100k–$200k	17.9%	17.6%	17.1%	16.6%	16.4%
>$200k–$500k	29.4%	29.6%	30.1%	30.9%	31.9%
>$500k–$1m	17.0%	17.8%	18.6%	19.2%	20.1%
>$1m–$2m	8.4%	9.2%	10.0%	10.6%	11.0%
>$2m–$5m	2.9%	3.4%	4.0%	4.3%	4.5%
>$5m–$10m	0.3%	0.3%	0.4%	0.5%	0.5%
>$10m	0.1%	0.1%	0.1%	0.1%	0.1%
Total	100%	100%	100%	100%	100%

Additional data tables on the distribution of SMSFs by fund asset size in establishment year can be accessed in Appendix 1 Data tables (XLXS 104KB)This link will download a file.

Table 15: SMSF asset allocations (2016)

This table shows the value and proportion of assets held by the SMSF population for each type of asset listed on the 2016 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 return form data. To ensure consistency, the total monetary amounts used in this table are those reported in the Self-managed super fund statistical report, June 2017.

SMSF asset allocations, 2016

Asset allocation	($m)	Proportion of total SMSF assets	Proportion of SMSF population holding those assets	Mean* ($)	Median* ($)
Listed trusts	29,410	4.63%	30.26%	172,586	70,248
Unlisted trusts	63,191	9.96%	22.02%	509,465	201,641
Insurance policy	139	0.02%	0.10%	249,048	116,260
Other managed investments	31,995	5.04%	11.26%	504,713	209,084
Cash and term deposits	157,100	24.75%	97.23%	286,882	101,268
Debt securities	9,726	1.53%	8.06%	214,369	96,543
Loans	4,235	0.67%	2.70%	278,117	75,000
Listed shares	187,331	29.52%	61.63%	539,672	254,851
Unlisted shares	6,649	1.05%	6.80%	173,673	28,500
Limited recourse borrowing arrangements	25,355	3.99%	6.92%	650,295	435,000
Non-residential real property	66,267	10.44%	13.53%	869,459	535,000
Residential real property	28,148	4.44%	8.72%	573,411	432,509
Collectables and personal use assets	300	0.05%	0.54%	98,432	34,599
Other assets	17,400	2.74%	80.89%	38,193	7,864
Overseas shares	3,858	0.61%	4.68%	146,529	30,855
Overseas non-residential real property	105	0.02%	0.05%	406,705	181,115
Overseas residential real property	230	0.04%	0.16%	258,559	153,936
Overseas managed investments	694	0.11%	0.47%	261,151	96,778
Other overseas assets	2,550	0.40%	2.91%	155,377	42,374
Total Australian and overseas Assets	634,683	100.00%		1,149,382	641,983
Borrowings	19,481	3.07%	9.29%	372,234	266,000
Other liabilities	5,165	0.81%	58.33%	15,721	2,848
Net Australian and overseas assets	610,037	96.12%		1,104,749	594,940

• Mean and median values are only applicable to the funds that held those types of assets.

SMSF limited recourse borrowing arrangement asset allocations, 2016

LRBA investment by asset type	($m)	Proportion of total SMSF assets	Proportion of SMSF population holding those assets	Mean* ($)	Median* ($)
Australian residential real property	12,212	1.92%	4.18%	516,403	430,000
Australian non-residential real property	11,483	1.81%	1.79%	1,139,462	650,275
Overseas real property	43	0.01%	0.02%	483,662	226,823
Australian shares	548	0.09%	0.43%	228,834	113,220
Overseas shares	256	0.04%	0.40%	123,699	18,872
Other	814	0.13%	0.30%	489,011	100,000
Total	25,355	3.99%	^6.92%	650,295	435,000

• Mean and median values are only applicable to the funds that held those types of assets.

^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.

Table 16: Asset allocations by fund phase (2016)

This table shows the proportion of assets held by accumulation and pension phase SMSFs, for each type of asset listed on the 2016 SMSF annual return.

These figures are estimates based on SMSF annual return form data.

Asset allocation in 2016, by phase

Asset allocation	Accumulation phase	Pension phase
Listed trusts	3.8%	5.0%
Unlisted trusts	9.1%	10.4%
Insurance policy	0.0%	0.0%
Other managed investments	4.5%	5.3%
Cash and term deposits	25.3%	24.5%
Debt securities	0.7%	1.9%
Loans	0.6%	0.7%
Listed shares	22.6%	32.7%
Unlisted shares	1.2%	1.0%
Limited recourse borrowing arrangements	9.4%	1.5%
Non-residential real property	11.6%	9.9%
Residential real property	6.8%	3.4%
Collectables and personal use assets	0.1%	0.0%
Other assets	2.9%	2.7%
Overseas shares	0.7%	0.6%
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	0.5%	0.4%
Total Australian and overseas assets	100%	100%

Table 17: 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, in 2014, 45% of SMSFs held 80% of their assets in one particular asset class, representing 30% of total SMSF assets.

These figures are estimates based on SMSF annual return form data.

Proportion of SMSFs

Asset concentration	2012	2013	2014	2015	2016
100%	14.2%	13.0%	12.2%	11.4%	10.5%
>=90%	32.0%	32.3%	32.1%	31.2%	30.3%
>=80%	45.0%	45.4%	45.4%	44.8%	43.8%
>=70%	57.8%	58.2%	58.3%	57.5%	56.6%
>=60%	71.6%	71.7%	71.6%	70.8%	69.9%
>=50%	86.8%	86.9%	86.6%	85.7%	84.8%

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

Proportion of SMSF assets

Asset concentration	2012	2013	2014	2015	2016
100%	6.3%	5.8%	5.3%	4.9%	4.7%
>=90%	19.8%	19.8%	19.8%	19.2%	19.1%
>=80%	30.1%	30.2%	30.2%	29.6%	29.3%
>=70%	40.0%	40.0%	40.1%	39.3%	38.9%
>=60%	50.0%	49.9%	49.8%	48.8%	48.3%
>=50%	59.9%	59.8%	59.5%	58.5%	57.9%

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

Table 18: Asset concentration, by fund size (2016)

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 return form data.

Asset concentration, by fund size 2016

Fund size	100%	>=90%	>=80%	>=70%	>=60%	>=50%
$1–$50k	41.7%	64.3%	74.9%	83.6%	90.7%	97.9%
>$50k–$100k	24.5%	51.7%	64.8%	75.3%	85.2%	95.8%
>$100k–$200k	19.9%	44.6%	58.5%	71.0%	82.4%	93.7%
>$200k–$500k	12.1%	36.5%	52.4%	65.2%	77.1%	89.6%
>$500k–$1m	7.6%	27.4%	41.7%	55.4%	69.5%	85.0%
>$1m–$2m	5.3%	20.7%	32.8%	45.7%	60.5%	78.6%
>$2m–$5m	2.9%	15.3%	26.2%	39.3%	54.8%	73.7%
>$5m–$10m	1.5%	13.1%	23.3%	35.3%	50.5%	70.2%
>$10m	1.4%	14.6%	25.9%	38.2%	51.9%	69.1%

Table 19: Asset concentration, by type (2016)

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 return form data.

Asset concentration, by type 2016

Asset type	100%	>=90%	>=80%	>=70%	>=60%	>=50%
Listed trusts	0.0%	0.3%	0.6%	0.9%	1.2%	1.7%
Unlisted trusts	0.1%	1.5%	2.6%	3.6%	4.8%	6.2%
Insurance policy	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Other managed investments	0.1%	1.2%	1.9%	2.5%	3.1%	3.8%
Cash and term deposits	9.1%	13.3%	15.6%	18.2%	21.2%	25.0%
Debt securities	0.0%	0.0%	0.1%	0.1%	0.1%	0.2%
Loans	0.0%	0.2%	0.3%	0.3%	0.4%	0.5%
Listed shares	0.2%	5.9%	10.6%	15.4%	20.3%	25.8%
Unlisted shares	0.0%	0.2%	0.4%	0.5%	0.6%	0.7%
Limited recourse borrowing arrangements	0.1%	2.6%	3.9%	4.6%	5.1%	5.5%
Non-residential real property	0.2%	2.5%	4.1%	5.5%	6.8%	8.1%
Residential real property	0.1%	1.6%	2.5%	3.3%	4.1%	4.8%
Collectables and personal use assets	0.0%	0.0%	0.0%	0.0%	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%	0.1%	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%	0.2%
Total	10.5%	30.3%	43.8%	56.6%	69.9%	84.8%

Table 20: Asset concentration, by phase (2016)

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

These figures are estimates based on SMSF annual return form data.

Asset concentration by phase 2016

Asset concentration	Proportion of SMSFs in accumulation phase	Proportion of SMSFs in pension phase
100%	13.7%	6.9%
>=90%	37.2%	22.6%
>=80%	52.0%	34.8%
>=70%	64.6%	47.7%
>=60%	76.7%	62.3%
>=50%	89.5%	79.5%

Table 21: Average ROA, by fund size

This table shows the average return on assets (ROA) of SMSFs by asset size. 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 return form data.

Average ROA by fund size, by year

Fund size	2012	2013	2014	2015	2016
$1–$50k	-18.73%	-17.28%	-12.51%	-17.38%	-16.70%
>$50k–$100k	-9.93%	-5.17%	-2.78%	-6.84%	-7.28%
>$100k–$200k	-5.90%	0.83%	1.55%	-1.02%	-3.28%
>$200–$500k	-2.52%	6.36%	5.88%	2.45%	-0.02%
>$500k–$1m	-0.41%	9.31%	8.33%	4.60%	1.37%
>$1m–$2m	0.67%	10.64%	9.59%	5.70%	2.15%
>$2m	1.49%	11.59%	11.29%	7.52%	4.27%

Table 22: Expense ratios

These tables show the distribution of SMSFs across various ranges of expense ratios.

These figures are estimates based on SMSF annual return form data.

Expense ratios, by year

Expense ratios	2012	2013	2014	2015	2016
Administration and operating	0.32%	0.51%	0.52%	0.51%	0.56%
Investment	0.35%	0.55%	0.59%	0.63%	0.65%
Total	0.67%	1.06%	1.11%	1.15%	1.21%

Expense ratio ranges, 2016

Ratio range	Administration and operating expenses	Investment expenses	Total expenses
<=0.25%	20.1%	26.9%	12.0%
>0.25–0.5%	19.1%	10.3%	12.7%
>0.5–0.75%	12.8%	9.3%	10.2%
>0.75–1%	9.3%	7.9%	8.4%
>1–1.5%	12.9%	11.5%	13.7%
>1.5–2%	8.1%	6.4%	9.6%
>2–3%	8.2%	6.8%	10.6%
>3–5%	5.5%	6.5%	8.7%
>5%	4.1%	14.3%	14.1%
Total	100%	100%	100%

Additional data tables on historical data from 2012 to 2015 can be accessed in Appendix 1 Data tables (XLXS 104KB)This link will download a file.

Table 23: 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 return form data.

Average expense ratios, by fund size 2016

Fund size	Administration and operating expenses	Investment expenses	Total expenses
$1–$50k	8.72%	5.33%	14.05%
>$50k–$100k	3.79%	3.56%	7.35%
>$100k–$200k	2.43%	3.97%	6.41%
>$200k–$500k	1.38%	1.88%	3.26%
>$500k–$1m	0.80%	0.78%	1.58%
>$1m–$2m	0.57%	0.49%	1.06%
>$2m	0.29%	0.40%	0.69%

Additional data tables on historical data from 2012 to 2015 can be accessed in Appendix 1 Data Tables (XLXS 104KB).

Table 24: Average and median SMSF auditor fees

This table shows average and median SMSF auditor fees reported on the SMSF annual return. From 2013 non-deductible SMSF auditor fee expenses are included.

These figures are estimates based on SMSF annual return form data

SMSF auditor fees, by year

SMSF auditor fees	2012	2013	2014	2015	2016
Average auditor fee	$ 571	$ 737	$ 725	$ 759	$ 694
Median auditor fee	$ 462	$ 550	$ 550	$ 550	$ 550

The data for this table excludes those SMSFs that did not report an audit fee greater than $0 in their SMSF annual return.

Table 25: SMSF audit fee, by ranges

This table shows the proportion of SMSFs that are within certain audit fee ranges for the years ended 30 June 2012 to 30 June 2016. The estimates are based on reported fees above $0.

These figures are estimates based on SMSF annual return form data.

Proportion of SMSFs in each audit fee range, by year

Audit fee range	2012	2013	2014	2015	2016
>$0–$499	54.9%	36.8%	36.6%	36.5%	37.2%
$500–$999	33.7%	47.8%	48.9%	49.8%	50.6%
$1,000–$1,999	8.9%	12.0%	11.4%	10.9%	10.0%
$2,000 and above	2.6%	3.4%	3.1%	2.7%	2.2%
Total	100%	100%	100%	100%	100%

Table 26: Types of contraventions reported to the ATO

This table shows the general type of contraventions that have been reported to us since the start of contravention reporting in 2004 (up to 30 June 2017) by SMSF auditors.

Types of contraventions

Contravention type	As proportion of number of contraventions	As proportion of value of contraventions
Loan to member/financial assistance	21.4%	14.9%
In-house assets	19.1%	28.2%
Administrative type contraventions	10.3%	2.2%
Separation of assets	12.8%	24.5%
Operating standard type contraventions	7.5%	6.2%
Borrowings	8.0%	8.6%
Sole purpose	8.3%	4.4%
Investments at arm's length	7.6%	7.8%
Other	3.7%	1.0%
Acquisition of assets from related parties	1.2%	2.3%
Total	100%	100%