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Member demographics

Details of the demographics and balances of SMSF members.

Last updated 15 December 2015

SMSF members

At 30 June 2015, there were more than 1 million SMSF members, of whom 53% were male and 47% female. 17There was a fairly 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, representing 70% of SMSFs at 30 June 2014. While SMSFs with a single member made up 23% of funds, those with three and four members each represented 4%.

The proportion of members receiving pension payments from an SMSF continued to trend upwards. In 2014, 40% of members were fully or partially in the pension phase, compared to 32% in 2010.18Further, 5% of SMSF members receiving pension payments also reported they were in receipt of the age pension, in line with the five year average.

In 2014, 37% of SMSF members also had entitlements in non-SMSF funds or mainstream funds, a slight decrease from 39% in 2013, though considerably higher than the average of 21% from 2010 to 2012.

17 ATO 2015, Self-managed super fund statistical report, June 2015.
18 Based on 2010 to 2014 SAR lodged data.