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Appendix 1 – Data tables

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

Last updated 17 January 2018

You can also download Appendix 1 Data tables (XLSX 328KB)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%

QC54393