The main source of data for these tables is 2017–18 SMSF annual returns that have been lodged.
Where lodgments are outstanding we use statistically valid formulas to estimate results. As outstanding returns are received we revise and update results, therefore some figures may change in future releases of this statistical overview. Some tables use data reported in the Self-managed super fund quarterly statistical report – June 2019.
You can download all the data tables in Excel format – see Data tables (XLXS 605KB)This link will download a file.
For statistics on the taxation of SMSFs (and other entities) see Taxation statistics.
The data tables are as follows:
- Table 1: Annual SMSF population, total gross assets and growth
- Table 2: Australian superannuation sector
- Table 3: SMSF age distribution
- Table 4: Wind-ups by asset size, average and median assets and fund phase
- Table 5: Average and median asset sizes
- Table 6: Asset sizes in establishment year
- Table 7: Asset ranges by fund size in year of establishment
- Table 8: Contribution flows
- Table 9: Rollover flow (into and out of SMSFs)
- Table 10: Benefit payments
- Table 11: SMSF net fund flow
- Table 12: SMSFs by payment phase
- Table 13: SMSF fund size and SMSF member account balances, by phase
- Table 14: SMSF trustee type
- Table 15: Audits performed by SMSF auditors
- Table 16: SMSF auditor fees
- Table 17: SMSF annual return lodgments per tax agent
- Table 18: Contraventions reported to the ATO by type
- Table 19: Age ranges of SMSF members
- Table 20: SMSF members and non-SMSF members
- Table 21: Gender statistics
- Table 22: Asset ranges, by fund size and member account balance
- Table 23: Average returns for SMSFs and APRA-regulated funds
- Table 24: Average return on assets by fund size and age
- Table 25: Expenses
- Table 26: Average expense ratios
- Table 27: Average expense ratios by fund size
- Table 28: Asset allocations
- Table 29: SMSF population holding assets
- Table 30: SMSF asset allocations, by fund phase
- Table 31: Asset concentrations
- Table 32: Asset concentration by fund size
- Table 33: Asset concentration by asset type
- Table 34: Asset concentration by phase
Table 1: Annual SMSF population, total gross assets and growth
This table shows the:
- number of SMSFs established or wound up during each financial year
- number of SMSFs and members at year end
- total assets held by SMSFs at year end.
These figures are based on SMSF annual returns, and are consistent with those reported in the Self-managed super fund quarterly statistical report – June 2019.
|
SMSFs |
2018–19 |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
|---|---|---|---|---|---|
|
Establishments |
19,945 |
25,429 |
30,472 |
32,844 |
33,767 |
|
Wind-ups |
2,120 |
22,730 |
13,792 |
12,467 |
13,087 |
|
Net establishments |
17,825 |
2,699 |
16,680 |
20,377 |
20,680 |
|
Total SMSFs |
599,678 |
581,853 |
579,154 |
562,474 |
542,097 |
|
Total members |
1,125,201 |
1,091,086 |
1,091,554 |
1,059,791 |
1,026,270 |
|
Total assets ($m) |
$747,560 |
$735,438 |
$689,976 |
$611,081 |
$579,151 |
|
SMSFs |
2018–19 |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|---|
|
Total SMSFs |
599,678 |
581,853 |
579,154 |
562,474 |
542,097 |
521,417 |
|
Growth |
3.1% |
0.5% |
3.1% |
3.8% |
4.0% |
– |
Table 2: Australian superannuation sector
This table shows:
- total assets held in APRA-regulated funds, SMSFs and other funds at 30 June 2014 and 30 June 2019
- the percentage change from June 2014 to 2019
- the proportion for each fund type at 30 June 2019.
These figures are sourced from the APRA Annual Super Bulletin 2018 (reissued July 2019), table 8a and the Self-managed super fund quarterly statistical report – June 2019.
|
Fund type |
Assets at 30 June 2019 ($b) |
Proportion at 30 June 2019 |
Assets at 30 June 2014 ($b) |
Change in assets 2014 to 2019 |
|---|---|---|---|---|
|
Corporate |
$58.6 |
2.0% |
$55.5 |
6% |
|
Industry |
$718.7 |
25.0% |
$376.1 |
91% |
|
Public sector |
$510.6 |
17.8% |
$186.9 |
173% |
|
Retail |
$625.7 |
21.8% |
$485.7 |
29% |
|
SMSFs |
$747.6 |
26.0% |
$533.2 |
40% |
|
Other(a) |
$209.5 |
7.3% |
$166.7 |
26% |
|
Total |
$2,870.7 |
100% |
$1,804.1 |
59% |
Table 3: SMSF age distribution
This table shows the age distribution of SMSFs based on years since their establishment date.
|
SMSF age in years from establishment |
% of SMSFs |
|---|---|
|
In 1st year of establishment |
3.1% |
|
>1–2 years |
4.0% |
|
>2–3 years |
4.7% |
|
>3–5 years |
10.1% |
|
>5–10 years |
24.6% |
|
>10 years |
53.3% |
|
NA |
0.3% |
|
Total |
100% |
|
Average SMSF age |
10.6 years |
|
Median SMSF age |
10 years |
Table 4: Wind-ups by asset size, average and median assets and fund phase
These tables show:
- the approximate distribution of SMSFs wound up by fund asset size in the year before wind-up
- average and median assets in the year before wind-up by fund phase
- fund phase in the year of wind-up.
|
Fund size |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
>$0–$50k |
19.1% |
21.3% |
26.1% |
27.9% |
30.9% |
|
>$50k–$100k |
9.5% |
10.3% |
11.5% |
12.6% |
13.2% |
|
>$100k–$200k |
17.2% |
17.4% |
17.5% |
17.8% |
17.5% |
|
>$200k–$500k |
29.6% |
28.3% |
26.0% |
24.6% |
24.0% |
|
>$500k–$1m |
16.8% |
15.5% |
12.9% |
12.0% |
10.1% |
|
>$1m–$2m |
6.1% |
5.2% |
4.5% |
3.8% |
3.3% |
|
>$2m–$5m |
1.5% |
1.7% |
1.4% |
1.2% |
0.9% |
|
>$5m |
0.2% |
0.3% |
0.2% |
0.1% |
0.1% |
|
Total |
100% |
100% |
100% |
100% |
100% |
|
Fund phase |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Accumulation |
$271,301 |
$267,829 |
$219,180 |
$184,704 |
$189,392 |
|
Retirement |
$536,824 |
$568,537 |
$480,473 |
$458,499 |
$424,107 |
|
All SMSFs |
$386,997 |
$379,622 |
$321,518 |
$289,474 |
$274,465 |
|
Fund phase |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Accumulation |
$142,442 |
$133,040 |
$96,336 |
$79,122 |
$60,609 |
|
Retirement |
$378,544 |
$369,613 |
$305,171 |
$300,237 |
$264,584 |
|
All SMSFs |
$227,906 |
$204,247 |
$162,747 |
$140,996 |
$115,437 |
|
Fund Phase |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Accumulation |
74.0% |
65.3% |
65.3% |
66.6% |
68.6% |
|
Retirement |
26.0% |
34.7% |
34.7% |
33.4% |
31.4% |
|
Total |
100% |
100% |
100% |
100% |
100% |
Table 5: Average and median asset sizes
This table shows the average and median member account balances and SMSF assets at the end of each financial year. To ensure consistency, the figures used in this table are those reported in the Self-managed super fund quarterly statistical report – June 2019.
|
Assets |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Average assets per member |
$678,621 |
$636,926 |
$581,355 |
$569,988 |
$543,556 |
|
Median assets per member |
$408,237 |
$372,316 |
$342,323 |
$334,663 |
$318,190 |
|
Average assets per SMSF |
$1,271,356 |
$1,199,263 |
$1,096,521 |
$1,076,894 |
$1,028,682 |
|
Median assets per SMSF |
$719,840 |
$660,993 |
$610,607 |
$598,557 |
$568,954 |
Table 6: Asset sizes in establishment year
This table shows the average and median member account balances and SMSF assets in each financial year for SMSFs established in that year. The figures are based on SMSF annual returns for the establishment year.
|
Assets |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Average assets per member account balance |
$214,104 |
$265,101 |
$193,637 |
$190,346 |
$178,805 |
|
Median assets per member account balance |
$124,933 |
$139,829 |
$109,878 |
$102,878 |
$100,626 |
|
Average assets per SMSF |
$408,750 |
$496,869 |
$374,308 |
$375,711 |
$348,150 |
|
Median assets per SMSF |
$268,664 |
$301,914 |
$233,039 |
$221,858 |
$216,238 |
Table 7: Asset ranges by fund size in year of establishment
This table shows the approximate distribution of SMSFs by fund asset sizes in their establishment year.
|
Fund asset range |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
$0–$50k |
11.5% |
10.2% |
14.3% |
16.5% |
15.0% |
|
>$50k–$100k |
9.2% |
8.0% |
9.8% |
9.8% |
10.3% |
|
>$100k–$200k |
17.9% |
17.1% |
19.8% |
19.8% |
22.0% |
|
>$200k–$500k |
35.4% |
32.5% |
32.3% |
30.9% |
31.7% |
|
>$500k–$1m |
18.8% |
20.5% |
16.9% |
16.3% |
15.3% |
|
>$1m–$2m |
5.8% |
8.9% |
5.6% |
5.3% |
4.8% |
|
>$2m–$5m |
1.3% |
2.6% |
1.2% |
1.2% |
0.9% |
|
>$5m-$10m |
0.1% |
0.2% |
0.1% |
0.1% |
0.1% |
|
>$10m |
0.1% |
0.1% |
<0.1% |
<0.1% |
<0.1% |
|
Total |
100% |
100% |
100% |
100% |
100% |
Table 8: Contribution flows
These tables show, for each financial year:
- total member and employer contributions to SMSFs
- mean and median contributions
- contributions to SMSFs as a proportion of total super contributions.
To ensure consistency, the total contributions figures used are those reported in the Self-managed super fund quarterly statistical report – June 2019.
For additional data on member and employer contributions by member age and gender, see Data tables (XLXS 605KB)This link will download a file.
|
Contribution type |
2017–18 ($m) |
2016–17 ($m) |
2015–16 ($m) |
2014–15 ($m) |
2013–14 ($m) |
|---|---|---|---|---|---|
|
Member |
$11,622 |
$33,867 |
$24,162 |
$24,745 |
$19,441 |
|
Employer |
$5,733 |
$7,248 |
$7,121 |
$6,881 |
$5,996 |
|
Contribution type |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Member |
$49,099 |
$129,231 |
$95,405 |
$97,785 |
$79,808 |
|
Employer |
$20,066 |
$24,619 |
$24,675 |
$24,460 |
$21,997 |
|
Contribution type |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Member |
$20,000 |
$28,000 |
$21,000 |
$23,584 |
$20,000 |
|
Employer |
$16,933 |
$18,617 |
$18,526 |
$18,379 |
$17,398 |
|
Contribution type |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Member |
37.0% |
51.7% |
52.5% |
49.9% |
49.0% |
|
Employer |
6.1% |
7.8% |
8.0% |
8.0% |
7.4% |
|
Total SMSF |
13.9% |
26.0% |
23.1% |
23.3% |
21.0% |
Table 9: Rollover flow (into and out of SMSFs)
These tables show:
- the total value of rollovers into and out of SMSFs during each financial year
- the mean and median amounts in those periods
- rollovers by fund size.
To ensure consistency, the total rollover figures used are those reported in the Self-managed super fund quarterly statistical report – June 2019.
|
Rollover type |
2017–18 ($m) |
2016–17 ($m) |
2015–16 ($m) |
2014–15 ($m) |
2013–14 ($m) |
|---|---|---|---|---|---|
|
Inward |
$15,139 |
$17,947 |
$14,826 |
$14,944 |
$15,021 |
|
Outward |
$8,932 |
$8,873 |
$5,444 |
$5,589 |
$5,073 |
|
Rollover type |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Inward |
$217,519 |
$240,868 |
$195,182 |
$204,189 |
$193,896 |
|
Outward |
$361,362 |
$443,403 |
$297,994 |
$326,461 |
$293,151 |
|
Rollover type |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Inward |
$71,418 |
$76,535 |
$77,332 |
$81,142 |
$81,077 |
|
Outward |
$133,372 |
$120,418 |
$81,071 |
$92,360 |
$83,424 |
|
Fund size |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
$0 |
0.7% |
0.5% |
0.4% |
0.4% |
0.4% |
|
>$0–$50k |
0.6% |
0.5% |
0.5% |
0.6% |
0.6% |
|
>$50k–$100k |
1.2% |
1.0% |
1.5% |
1.5% |
1.9% |
|
>$100k–$200k |
4.8% |
4.8% |
7.0% |
6.8% |
7.8% |
|
>$200k–$500k |
19.8% |
17.3% |
22.6% |
21.0% |
21.8% |
|
>$500k–$1m |
22.7% |
18.3% |
22.9% |
22.7% |
23.6% |
|
>$1m–$2m |
22.0% |
19.0% |
20.9% |
20.8% |
20.9% |
|
>$2m–$5m |
19.3% |
23.0% |
16.1% |
17.1% |
16.2% |
|
>$5m–$10m |
5.4% |
9.0% |
5.3% |
5.4% |
4.8% |
|
>$10m–$20m |
2.7% |
4.4% |
2.0% |
1.6% |
1.6% |
|
>$20m–$50m |
0.2% |
1.9% |
0.4% |
1.1% |
0.3% |
|
>$50m |
0.6% |
0.3% |
0.3% |
1.1% |
0.0% |
|
Total |
100% |
100% |
100% |
100% |
100% |
|
Fund size |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
$0 |
33.6% |
21.4% |
26.7% |
27.2% |
26.3% |
|
>$0–$50k |
11.8% |
8.4% |
9.2% |
9.6% |
10.3% |
|
>$50k–$100k |
1.7% |
1.5% |
1.3% |
1.4% |
1.7% |
|
>$100k–$200k |
1.9% |
1.4% |
2.0% |
2.0% |
2.3% |
|
>$200k–$500k |
4.5% |
4.1% |
5.7% |
6.1% |
5.9% |
|
>$500k–$1m |
8.1% |
6.3% |
10.5% |
10.0% |
10.1% |
|
>$1m–$2m |
12.0% |
11.4% |
14.3% |
12.4% |
13.7% |
|
>$2m–$5m |
16.7% |
24.8% |
18.3% |
18.6% |
18.6% |
|
>$5m–$10m |
5.0% |
11.3% |
7.1% |
7.9% |
8.4% |
|
>$10m–$20m |
2.4% |
6.5% |
3.5% |
3.5% |
2.4% |
|
>$20m–$50m |
1.2% |
2.4% |
0.7% |
1.1% |
0.2% |
|
>$50m |
1.0% |
0.5% |
0.7% |
0.2% |
0.1% |
|
Total |
100% |
100% |
100% |
100% |
100% |
Table 10: Benefit payments
These tables show the total benefit payments from SMSFs during each financial year, and average and median amounts. Benefit payments include income stream benefits, lump sum benefits, transition-to-retirement and combination payments.
The figures for total benefit payments are consistent with those reported in the Self-managed super fund quarterly statistical report – June 2019. The average and median figures are based on SMSF annual returns.
|
SMSF benefit payments |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Total ($m) |
$37,686 |
$44,290 |
$34,986 |
$33,260 |
$29,409 |
|
Average ($) |
$113,169 |
$145,320 |
$118,535 |
$119,146 |
$113,155 |
|
Median ($) |
$66,550 |
$66,760 |
$62,400 |
$62,000 |
$60,000 |
|
Type of benefit |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Lump sum |
29.7% |
13.7% |
11.5% |
12.3% |
12.6% |
|
Income stream |
65.8% |
78.0% |
76.6% |
75.3% |
74.3% |
|
Transition to retirement |
4.5% |
8.4% |
11.9% |
12.4% |
13.1% |
|
Age range |
% of members receiving benefit payments |
Average member benefit payment |
Average member balance(b) |
|---|---|---|---|
|
<55 |
2.1% |
$26,254 |
$675,654 |
|
55–59 |
4.1% |
$46,355 |
$1,039,315 |
|
60–64 |
19.0% |
$68,215 |
$1,100,624 |
|
65–69 |
29.1% |
$74,870 |
$1,126,913 |
|
70–74 |
25.5% |
$74,339 |
$1,161,484 |
|
>74 |
20.3% |
$89,806 |
$1,192,211 |
|
Unknown(c) |
<0.1% |
$101,799 |
$1,025,519 |
|
Total |
100% |
$74,329 |
$1,130,960 |
(c) Unknown value indicates a value less than 0.1% but greater than 0.
For additional data on members receiving income stream benefit payments and lump sum and income stream benefit payments by benefit type, see tables 10.1 and 10.2 in Data tables (XLXS 605KB)This link will download a file.
Table 11: SMSF net fund flow
This table shows net contributions, transfers, benefit payments, total expenses and net fund flow for SMSFs from the 2013–14 to 2017–18 financial years.
|
Flow type |
2017–18 ($m) |
2016–17 ($m) |
2015–16 ($m) |
2014–15 ($m) |
2013–14 ($m) |
|---|---|---|---|---|---|
|
Total contributions |
$17,355 |
$41,115 |
$31,283 |
$31,626 |
$25,437 |
|
Net transfers |
$6,207 |
$9,074 |
$9,382 |
$9,355 |
$9,948 |
|
Benefit payments |
$37,686 |
$44,290 |
$34,986 |
$33,260 |
$29,409 |
|
Total expenses |
$8,431 |
$8,238 |
$7,878 |
$6,535 |
$5,708 |
|
Net fund flow |
$−22,555 |
$−2,339 |
$−2,199 |
$1,186 |
$268 |
Table 12: SMSFs by payment phase
This table shows the distribution of SMSFs by payment phase in each financial year.
‘Partial retirement phase’ refers to SMSFs where at least one member has received a benefit payment.
‘Full retirement phase’ refers to SMSFs where all members received benefit payments.
|
Payment phase |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Accumulation |
57.0% |
58.4% |
56.0% |
54.1% |
55.4% |
|
Partial retirement phase |
9.4% |
10.6% |
11.1% |
11.1% |
11.2% |
|
Full retirement phase |
33.6% |
31.0% |
32.9% |
34.7% |
33.4% |
|
Total |
100% |
100% |
100% |
100% |
100% |
Table 13: SMSF fund size and SMSF member account balances, by phase
These tables show:
- the approximate distribution of SMSFs by phase and asset range
- the approximate distribution of members’ account balances by closing balance range and phase at 30 June 2018.
|
Asset range |
Accumulation phase |
Retirement phase |
|---|---|---|
|
$0–$50k |
7.2% |
3.4% |
|
>$50k–$100k |
4.9% |
0.7% |
|
>$100k–$200k |
11.1% |
2.4% |
|
>$200k–$500k |
29.6% |
13.4% |
|
>$500k–$1m |
25.3% |
24.1% |
|
>$1m–$2m |
13.9% |
28.4% |
|
>$2m–$5m |
6.5% |
21.4% |
|
>$5m–$10m |
1.1% |
4.9% |
|
>$10m–$20m |
0.3% |
1.2% |
|
>$20m–$50m |
0.1% |
0.2% |
|
>$50m |
<0.1% |
<0.1% |
|
Total |
100% |
100% |
|
Member closing balance |
Accumulation phase |
Retirement phase |
|---|---|---|
|
$0–$50k |
22.1% |
5.9% |
|
>$50k–$100k |
12.8% |
2.8% |
|
>$100k–$200k |
19.5% |
7.2% |
|
>$200k–$500k |
24.7% |
23.2% |
|
>$500k–$1m |
12.5% |
26.6% |
|
>$1m–$1.4m |
3.6% |
11.7% |
|
>$1.4m–$1.6m |
1.0% |
4.6% |
|
>$1.6m–$2m |
1.3% |
5.6% |
|
>$2m–$5m |
2.2% |
10.2% |
|
>$5m |
0.4% |
2.2% |
|
Total |
100% |
100% |
Table 14: SMSF trustee type
This table shows the distribution of trustee structure (either corporate or individual trustees) of the SMSF population at 30 June 2019 and for new registrations in the 2017, 2018 and 2019 financial years.
This data is based on SMSF registrations via the Australian Business Register (ABR).
|
Trustee type |
% of all SMSFs at 30/06/2019 |
2018–19 registrations |
2017–18 registrations |
2016–17 registrations |
|---|---|---|---|---|
|
Corporate |
60.6% |
81.6% |
80.6% |
81.0% |
|
Individual |
39.4% |
18.4% |
19.4% |
19.0% |
|
Total |
100% |
100% |
100% |
100% |
Table 15: Audits performed by SMSF auditors
These tables show, for the 2013–14 to 2017–18 financial years:
- the total number of SMSF auditors performing audits
- the distribution of SMSF auditors by number of audits performed
- the distribution of SMSF population by their SMSF auditor's annual audit completion number
- the distribution of SMSF assets by their SMSF auditor's annual audit completion number.
The year columns refer to the year being audited, not the year the audit took place.
|
Number of auditors |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Total |
5,294 |
5,689 |
5,997 |
6,272 |
6,604 |
|
Number of audits |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
<5 funds |
15.6% |
13.7% |
13.5% |
13.4% |
14.9% |
|
5–50 funds |
50.7% |
48.9% |
49.3% |
50.1% |
50.7% |
|
51–250 funds |
28.0% |
30.8% |
31.1% |
30.7% |
29.4% |
|
>250 funds |
5.8% |
6.6% |
6.1% |
5.8% |
5.0% |
|
Total |
100% |
100% |
100% |
100% |
100% |
|
Number of audits |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
<5 funds |
0.4% |
0.3% |
0.3% |
0.4% |
0.4% |
|
5–50 funds |
13.9% |
12.7% |
13.8% |
14.9% |
16.4% |
|
51–250 funds |
34.8% |
34.6% |
36.8% |
38.1% |
39.7% |
|
>250 funds |
50.9% |
52.4% |
49.2% |
46.7% |
43.5% |
|
Total |
100% |
100% |
100% |
100% |
100% |
|
Number of audits |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
<5 funds |
0.4% |
0.3% |
0.3% |
0.3% |
0.4% |
|
5–50 funds |
14.0% |
12.6% |
13.5% |
14.5% |
15.6% |
|
51–250 funds |
35.6% |
35.3% |
37.0% |
38.2% |
40.1% |
|
>250 funds |
50.1% |
51.8% |
49.2% |
47.1% |
44.0% |
|
Total |
100% |
100% |
100% |
100% |
100% |
Table 16: SMSF auditor fees
These tables show:
- average and median SMSF auditor fees
- distribution of SMSFs by audit fee range by financial year.
These figures include reported fees above $0.
|
SMSF auditor fees |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Average |
$687 |
$694 |
$704 |
$760 |
$726 |
|
Median |
$550 |
$550 |
$550 |
$550 |
$550 |
|
Audit fee range |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
>$0–$499 |
38.4% |
37.5% |
36.9% |
36.5% |
36.6% |
|
$500–$999 |
49.9% |
50.0% |
50.1% |
49.7% |
48.9% |
|
$1,000–$1,999 |
9.7% |
10.2% |
10.6% |
11.0% |
11.5% |
|
$2,000 and above |
2.1% |
2.3% |
2.4% |
2.8% |
3.1% |
|
Total |
100% |
100% |
100% |
100% |
100% |
Table 17: SMSF annual return lodgments per tax agent
This table shows the distribution of tax agents by the number of SMSF annual returns they lodged each financial year.
|
Number of SMSF annual returns lodged per tax agent |
No. tax agents 2017–18 |
No. tax agents 2016–17 |
No. tax agents 2015–16 |
No. tax agents 2014–15 |
No. tax agents 2013–14 |
|---|---|---|---|---|---|
|
1 |
2,142 |
2,185 |
2,302 |
2,466 |
2,546 |
|
2 |
1,129 |
1,213 |
1,235 |
1,228 |
1,276 |
|
3 |
899 |
871 |
906 |
905 |
932 |
|
4 |
617 |
680 |
686 |
664 |
642 |
|
5 |
512 |
565 |
575 |
556 |
563 |
|
6–10 |
1,809 |
1,856 |
1,854 |
1,887 |
1,893 |
|
11–20 |
1,978 |
2,042 |
2,100 |
2,075 |
2,048 |
|
21–100 |
3,982 |
4,236 |
4,139 |
4,132 |
4,005 |
|
101–500 |
1,000 |
1,045 |
1,011 |
953 |
904 |
|
>500 |
33 |
31 |
28 |
28 |
23 |
|
Total |
14,101 |
14,724 |
14,836 |
14,894 |
14,832 |
Table 18: Contraventions reported to the ATO by type
This table shows the types of contraventions that have been reported to the ATO in auditor contravention reports lodged by SMSF auditors since the start of contravention reporting in 2004 (up to 30 June 2019).
|
Contravention type |
% of total contraventions |
% of value of contraventions |
|---|---|---|
|
Acquisition of assets from related parties |
1.2% |
2.1% |
|
Administrative type contraventions |
10.8% |
4.0% |
|
Borrowings |
8.1% |
8.2% |
|
In-house assets |
18.5% |
28.2% |
|
Investments at arm's length |
7.5% |
9.2% |
|
Loan to member/financial assistance |
21.1% |
14.2% |
|
Operating standard type contraventions |
7.4% |
5.8% |
|
Other |
4.1% |
1.0% |
|
Separation of assets |
12.7% |
23.5% |
|
Sole purpose |
8.6% |
3.8% |
|
Total |
100% |
100% |
Table 19: Age ranges of SMSF members
This table shows:
- the approximate age distribution of SMSF members at 30 June 2019
- the age distribution of members of SMSFs established in each financial year from 2013–14 to 2017–18.
This is based on ABR data.
|
Age range |
All members |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|---|
|
<25 |
0.5% |
1.3% |
1.4% |
1.5% |
1.5% |
1.7% |
|
25–34 |
3.2% |
12.8% |
10.7% |
11.3% |
11.1% |
10.6% |
|
35–44 |
11.2% |
31.8% |
28.7% |
29.9% |
29.6% |
29.4% |
|
45–49 |
10.1% |
17.8% |
17.3% |
16.9% |
16.4% |
16.2% |
|
50–54 |
11.3% |
14.4% |
15.2% |
15.3% |
15.7% |
16.0% |
|
55–59 |
13.2% |
11.3% |
12.7% |
12.6% |
12.6% |
12.6% |
|
60–64 |
13.3% |
6.2% |
8.0% |
7.8% |
7.9% |
8.4% |
|
65–69 |
13.1% |
2.9% |
3.9% |
3.5% |
3.8% |
3.6% |
|
70–74 |
11.8% |
1.2% |
1.7% |
1.0% |
1.1% |
1.2% |
|
75–84 |
10.4% |
0.3% |
0.6% |
0.4% |
0.4% |
0.4% |
|
85+ |
1.8% |
<0.1% |
<0.1% |
<0.1% |
<0.1% |
<0.1% |
|
Total |
100% |
100% |
100% |
100% |
100% |
100% |
|
Average member age |
59.4 |
46.5 |
47.9 |
47.4 |
47.6 |
47.6 |
|
Median member age |
60.0 |
46.1 |
47.6 |
47.1 |
47.3 |
47.5 |
Table 20: SMSF members and non-SMSF members
These tables show:
- the approximate age distribution of SMSF members and non-SMSF members
- average and median taxable income and average and median member account balances for SMSF members, by age
- non-SMSF members’ average and median taxable income.
The age ranges in these tables align with those reported in APRA’s Annual Superannuation Bulletin.
This is based on ABR and SMSF annual return (SAR) data.
|
Age range |
All SMSF members at 30 June 2018 |
All non-SMSF members at 30 June 2018 |
|---|---|---|
|
<25 |
0.8% |
11.0% |
|
25–34 |
3.2% |
22.8% |
|
35–44 |
11.0% |
22.3% |
|
45–49 |
10.0% |
11.0% |
|
50–54 |
11.5% |
9.3% |
|
55–59 |
14.2% |
8.4% |
|
60–64 |
14.5% |
6.6% |
|
65–69 |
14.2% |
4.1% |
|
70–74 |
11.6% |
2.4% |
|
75–84 |
8.4% |
1.7% |
|
85+ |
0.8% |
0.4% |
|
Unknown |
<0.1% |
0.3% |
|
Total |
100% |
100% |
|
Age range |
Average taxable income |
Median taxable income |
Average member balance per 2018 SAR |
Median member balance per 2018 SAR |
|---|---|---|---|---|
|
<25 |
$55,803 |
$38,877 |
$57,241 |
$7,199 |
|
25–34 |
$90,882 |
$72,744 |
$90,395 |
$41,729 |
|
35–44 |
$129,625 |
$87,301 |
$161,558 |
$102,313 |
|
45–49 |
$148,750 |
$89,243 |
$261,753 |
$160,199 |
|
50–54 |
$145,467 |
$85,723 |
$389,115 |
$219,096 |
|
55–59 |
$139,022 |
$77,696 |
$606,029 |
$334,794 |
|
60–64 |
$111,732 |
$54,166 |
$849,109 |
$522,567 |
|
65–69 |
$90,017 |
$36,228 |
$979,506 |
$592,884 |
|
70–74 |
$80,495 |
$29,684 |
$1,047,911 |
$594,855 |
|
75–84 |
$81,889 |
$31,007 |
$1,081,840 |
$592,266 |
|
85+ |
$174,041 |
$44,510 |
$937,092 |
$453,020 |
|
Unknown |
$18,736 |
$18,736 |
$661,650 |
$452,016 |
|
Total (all ages) |
$117,477 |
$63,545 |
$655,469 |
$301,237 |
|
Age range |
Average taxable income |
Median taxable income |
|---|---|---|
|
<25 |
$31,846 |
$27,329 |
|
25–34 |
$56,193 |
$50,525 |
|
35–44 |
$73,649 |
$59,624 |
|
45–49 |
$79,915 |
$60,872 |
|
50–54 |
$77,328 |
$58,825 |
|
55–59 |
$72,750 |
$55,581 |
|
60–64 |
$60,452 |
$45,223 |
|
65–69 |
$48,721 |
$33,110 |
|
70–74 |
$39,537 |
$24,183 |
|
75–84 |
$34,873 |
$20,797 |
|
85+ |
$50,841 |
$29,247 |
|
Unknown |
$47,277 |
$42,781 |
|
Total |
$62,028 |
$48,395 |
Table 21: Gender statistics
These tables show:
- the average SMSF member account balances by gender and phase
- the average SMSF member account balance by age and gender at 30 June 2018
- the distribution of member account balances by gender and closing account balance range at 30 June 2018.
To ensure consistency, where applicable the figures used in this table are those reported in the Self-managed super fund quarterly statistical report – June 2019.
|
Phase |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Accumulation |
$319,497 |
$285,761 |
$244,032 |
$225,025 |
$205,447 |
|
Retirement |
$4,659,259 |
$4,393,916 |
$3,960,294 |
$3,875,348 |
$3,641,920 |
|
All SMSFs |
$623,799 |
$582,141 |
$524,396 |
$513,376 |
$488,481 |
|
Phase |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Accumulation |
$414,824 |
$372,789 |
$326,422 |
$304,676 |
$282,283 |
|
Retirement |
$5,336,754 |
$5,063,221 |
$4,651,139 |
$4,604,730 |
$4,388,017 |
|
All SMSFs |
$754,139 |
$708,901 |
$652,133 |
$645,590 |
$622,977 |
|
Age range |
Female |
Male |
Overall |
|---|---|---|---|
|
<25 |
$65,124 |
$61,017 |
$63,056 |
|
25–34 |
$93,696 |
$107,591 |
$100,881 |
|
35–44 |
$151,361 |
$193,254 |
$172,484 |
|
45–49 |
$243,103 |
$306,579 |
$275,058 |
|
50–54 |
$364,090 |
$446,985 |
$405,938 |
|
55–59 |
$568,833 |
$686,113 |
$629,268 |
|
60–64 |
$806,851 |
$954,427 |
$883,009 |
|
65–69 |
$965,896 |
$1,080,981 |
$1,026,201 |
|
70–74 |
$1,019,118 |
$1,165,297 |
$1,099,128 |
|
75–84 |
$1,074,685 |
$1,203,812 |
$1,151,291 |
|
85+ |
$1,041,947 |
$1,109,822 |
$1,086,839 |
|
Unknown |
$751,142 |
$935,747 |
$683,047 |
For additional historical data for 2013–14 to 2016–17, see Data tables (XLXS 605KB)This link will download a file.
|
Member balance range |
% of female members |
% of male members |
|---|---|---|
|
>$0–$50k |
19.6% |
12.3% |
|
>$50k–$100k |
10.4% |
7.5% |
|
>$100k–$200k |
14.4% |
14.8% |
|
>$200k–$500k |
21.9% |
26.1% |
|
>$500k–$1m |
16.9% |
19.1% |
|
>$1m–$2m |
11.2% |
13.1% |
|
>$2m–$5m |
4.8% |
5.8% |
|
>$5m |
0.8% |
1.3% |
|
Total |
100% |
100% |
For additional historical data for 2013–14 to 2016–17, see Data tables (XLXS 605KB)This link will download a file.
Table 22: Asset ranges, by fund size and member account balance
These tables show for each financial year:
- the approximate distribution of member account balances by account balance range
- the approximate distribution, by asset range, of SMSFs and value of assets.
These figures are based on SMSF annual returns, and where applicable are consistent with those reported in the Self-managed super fund quarterly statistical report – June 2019. The top fund asset range category is now > $50m to better align to our Top 100 SMSF compliance program.
|
Member account balance range |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
$0–$50k |
15.9% |
17.0% |
18.1% |
19.1% |
20.0% |
|
>$50k–$100k |
9.0% |
9.7% |
10.4% |
10.5% |
10.7% |
|
>$100k–$200k |
14.7% |
15.1% |
15.5% |
15.2% |
15.1% |
|
>$200k–$500k |
24.1% |
23.6% |
23.8% |
23.4% |
23.4% |
|
>$500k–$1m |
17.9% |
17.4% |
16.8% |
16.6% |
16.3% |
|
>$1m–$1.6m |
9.1% |
8.7% |
7.7% |
7.6% |
7.3% |
|
>$1.6m-$2m |
3.0% |
2.6% |
2.5% |
2.4% |
2.3% |
|
>$2m–$5m |
5.3% |
4.9% |
4.5% |
4.5% |
4.3% |
|
>$5m |
1.1% |
0.9% |
0.7% |
0.7% |
0.6% |
|
Total |
100% |
100% |
100% |
100% |
100% |
|
Fund asset range |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
$0–$50k |
5.6% |
5.8% |
6.1% |
6.7% |
7.1% |
|
>$50k–$100k |
2.9% |
3.6% |
4.2% |
4.5% |
5.0% |
|
>$100k–$200k |
7.1% |
8.2% |
9.2% |
9.5% |
10.2% |
|
>$200k–$500k |
22.4% |
23.3% |
24.3% |
24.0% |
24.2% |
|
>$500k–$1m |
25.0% |
24.4% |
24.2% |
23.6% |
23.1% |
|
>$1m–$2m |
20.4% |
19.2% |
18.3% |
18.0% |
17.6% |
|
>$2m–$5m |
13.1% |
12.1% |
11.0% |
10.9% |
10.3% |
|
>$5m–$10m |
2.7% |
2.5% |
2.2% |
2.2% |
2.0% |
|
>$10m – $20m |
0.7% |
0.6% |
0.4% |
0.4% |
0.4% |
|
>$20m – $50m |
0.1% |
0.1% |
0.1% |
0.1% |
0.1% |
|
>$50m |
<0.1% |
<0.1% |
<0.1% |
<0.1% |
<0.1% |
|
Total |
100% |
100% |
100% |
100% |
100% |
|
Fund asset range |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
$0–$50k |
0.1% |
0.1% |
0.1% |
0.1% |
0.1% |
|
>$50k–$100k |
0.2% |
0.2% |
0.3% |
0.3% |
0.4% |
|
>$100k–$200k |
0.8% |
1.0% |
1.3% |
1.3% |
1.5% |
|
>$200k–$500k |
6.2% |
6.8% |
7.7% |
7.7% |
8.1% |
|
>$500k–$1m |
14.1% |
14.6% |
15.9% |
15.8% |
16.1% |
|
>$1m–$2m |
22.6% |
22.5% |
23.3% |
23.5% |
23.9% |
|
>$2m–$5m |
30.9% |
30.2 |
29.9% |
30.1% |
29.9% |
|
>$5m–$10m |
14.4% |
14.2% |
13.4% |
13.5% |
13.1% |
|
>$10m–$20m |
6.7% |
6.4% |
5.3% |
5.1% |
4.8% |
|
>$20m–$50m |
2.8% |
2.8% |
2.3% |
2.0% |
1.7% |
|
>$50m |
1.2% |
1.2% |
0.7% |
0.6% |
0.5% |
|
Total |
100% |
100% |
100% |
100% |
100% |
Table 23: Average returns for SMSFs and APRA-regulated funds
This table shows the average return on assets (ROA) made by SMSFs and the average rate of return made by APRA-regulated funds of more than four members by financial year.
The ROA for SMSFs is based on SMSF annual return form data.
The rate of return for APRA-regulated funds is sourced from the APRA Annual Superannuation Bulletin 2018, Table 9a (reissued 3 July 2019).
|
Fund type |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
SMSFs |
7.5% |
10.2% |
3.1% |
6.0% |
9.7% |
|
APRA funds |
8.5% |
9.1% |
2.9% |
8.9% |
11.7% |
Table 24: Average return on assets by fund size and age
These tables show:
- the average ROA of SMSFs by asset size
- the average ROA by fund age
- the distribution of SMSFs by ROA.
ROA is calculated by comparing net earnings and average assets during the financial year to determine the percentage return on assets.
|
Fund size |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
$1–$50k |
-15.0% |
-15.4% |
-17.2% |
-17.4% |
-12.5% |
|
>$50k–$100k |
-4.7% |
-5.8% |
-7.3% |
-6.8% |
-2.9% |
|
>$100k–$200k |
-0.8% |
-0.9% |
-3.5% |
-1.1% |
1.5% |
|
>$200–$500k |
3.8% |
4.5% |
0.00% |
2.4% |
5.9% |
|
>$500k–$1m |
6.0% |
6.9% |
1.5% |
4.6% |
8.3% |
|
>$1m–$2m |
8.4% |
8.4% |
2.4% |
5.7% |
9.6% |
|
>$2m |
8.1% |
13.1% |
4.7% |
7.5% |
11.3% |
|
Fund age |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
<2 years |
5.0% |
4.8% |
1.7% |
3.9% |
5.6% |
|
2–3 years |
6.1% |
8.0% |
2.5% |
4.8% |
6.8% |
|
4–5 years |
6.2% |
7.8% |
2.5% |
5.2% |
8.0% |
|
>5 years |
7.7% |
10.6% |
3.2% |
6.2% |
10.1% |
|
ROA |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
<–20% |
2.7% |
3.1% |
3.8% |
3.8% |
3.1% |
|
–20% to <–15% |
1.0% |
1.2% |
1.7% |
1.3% |
1.0% |
|
–15% to <–10% |
1.8% |
2.2% |
3.9% |
2.4% |
1.7% |
|
–10% to <–5% |
4.2% |
4.5% |
10.4% |
5.3% |
3.6% |
|
–5% to 0% |
13.9% |
13.1% |
28.4% |
15.4% |
10.7% |
|
>0% to 5% |
32.1% |
25.7% |
34.2% |
35.6% |
24.0% |
|
>5% to 10% |
25.8% |
24.9% |
9.0% |
24.0% |
23.4% |
|
>10% |
18.6% |
25.4% |
8.5% |
12.2% |
32.6% |
|
Total |
100% |
100% |
100% |
100% |
100% |
Table 25: Expenses
These tables show:
- average and median total expenses for the 2014 to 2018 financial years
- average and median total expenses by SMSF asset range for the 2014 to 2018 financial years
- average and median operating expenses for the 2014 to 2018 financial years
- average and median expenses by expense type for the 2014 to 2018 financial years
- average and median expenses by expense type and asset range for the 2018 financial year, including the number of SMSFs reporting at that label.
The averages and medians in these tables are based on only those SMSFs that report an expense at the relevant label and are therefore a subset of the total population. These figures cannot be compared to averages or medians calculated at the total population level (other than when all expenses are included, which means the total population is included).
|
Total expenses |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Average |
$14,879 |
$14,166 |
$13,935 |
$12,387 |
$11,301 |
|
Median |
$7,710 |
$7,285 |
$7,100 |
$6,152 |
$5,557 |
|
Asset range |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
>$0–$50k |
$3,842 |
$3,598 |
$3,545 |
$3,284 |
$3,164 |
|
>$50k–$100k |
$5,583 |
$5,514 |
$5,637 |
$5,017 |
$4,635 |
|
>$100k–$200k |
$10,153 |
$9,912 |
$9,763 |
$8,638 |
$7,425 |
|
>$200k–$500k |
$12,356 |
$11,794 |
$11,408 |
$10,067 |
$8,853 |
|
>$500k–$1m |
$12,120 |
$11,889 |
$11,846 |
$10,766 |
$9,997 |
|
>$1m–$2m |
$14,451 |
$14,679 |
$15,308 |
$13,824 |
$13,075 |
|
>$2m |
$29,472 |
$28,739 |
$28,861 |
$25,943 |
$25,475 |
|
All funds |
$14,879 |
$14,166 |
$13,935 |
$12,387 |
$11,301 |
|
Asset range |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
>$0–$50k |
$1,871 |
$1,811 |
$1,888 |
$1,802 |
$1,862 |
|
>$50k–$100k |
$2,645 |
$2,708 |
$2,898 |
$2,627 |
$2,585 |
|
>$100k–$200k |
$4,613 |
$4,670 |
$4,781 |
$4,068 |
$3,684 |
|
>$200k–$500k |
$6,855 |
$6,652 |
$6,590 |
$5,628 |
$5,073 |
|
>$500k–$1m |
$7,787 |
$7,657 |
$7,745 |
$6,832 |
$6,319 |
|
>$1m–$2m |
$9,588 |
$9,444 |
$9,590 |
$8,569 |
$8,017 |
|
>$2m |
$15,814 |
$15,427 |
$15,021 |
$13,475 |
$12,700 |
|
all funds |
$7,710 |
$7,285 |
$7,100 |
$6,152 |
$5,557 |
|
Operating expenses |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Average |
$6,152 |
$5,978 |
$6,219 |
$5,518 |
$5,301 |
|
Median |
$3,923 |
$3,840 |
$3,925 |
$3,620 |
$3,514 |
This year we have provided more detail in our expense data by showing average and median expenses by each expense type as reported on the SMSF annual return.
|
Expense type |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Interest expense within Australia |
$16,574 |
$16,108 |
$16,437 |
$14,789 |
$13,932 |
|
Interest expense overseas |
$13,706 |
$14,552 |
$17,098 |
$10,137 |
$10,158 |
|
Insurance premiums |
$6,711 |
$6,560 |
$6,391 |
$6,138 |
$5,881 |
|
SMSF auditor fee |
$679 |
$688 |
$699 |
$756 |
$722 |
|
Investment Expenses |
$10,024 |
$9,518 |
$9,067 |
$9,156 |
$8,583 |
|
Management and admin expenses |
$4,503 |
$4,279 |
$4,257 |
$4,145 |
$3,983 |
|
Forestry managed investment scheme |
$5,464 |
$5,677 |
$7,917 |
$5,317 |
$5,657 |
|
Supervisory levy |
$259 |
$259 |
$259 |
$259 |
$388 |
|
Other deductions |
$2,512 |
$2,646 |
$3,116 |
$2,766 |
$2,770 |
|
Total expenses |
$14,879 |
$14,166 |
$13,935 |
$12,387 |
$11,301 |
|
Expense type |
2017-18 |
2016-17 |
2015-16 |
2014-15 |
2013-14 |
|---|---|---|---|---|---|
|
Interest expense within Australia |
$ 12,881 |
$ 11,945 |
$ 11,445 |
$ 10,133 |
$ 8,101 |
|
Interest expense overseas |
$ 9,453 |
$ 8,522 |
$ 9,247 |
$ 5,040 |
$ 2,699 |
|
Insurance premiums |
$ 4,532 |
$ 4,394 |
$ 4,215 |
$ 4,011 |
$ 3,834 |
|
SMSF auditor fee |
$ 550 |
$ 550 |
$ 550 |
$ 550 |
$ 550 |
|
Investment expenses |
$ 5,311 |
$ 4,947 |
$ 4,506 |
$ 4,645 |
$ 4,150 |
|
Management and admin expenses |
$ 2,808 |
$ 2,720 |
$ 2,674 |
$ 2,689 |
$ 2,565 |
|
Forestry managed investment scheme |
$ 2,538 |
$ 2,304 |
$ 2,233 |
$ 2,366 |
$ 2,097 |
|
Supervisory levy |
$ 259 |
$ 259 |
$ 259 |
$ 259 |
$ 388 |
|
Other deductions |
$ 317 |
$ 364 |
$ 518 |
$ 420 |
$ 322 |
|
Total expenses |
$ 7,710 |
$ 7,285 |
$ 7,100 |
$ 6,152 |
$ 5,557 |
The following two tables provide further granularity, breaking down the average and the median expense for each expense type into fund size ranges. They also include the number of funds who reported an amount against each of these expense labels on the SMSF annual return.
|
Expense type |
$1-$50k |
>$50k-$100k |
>$100k-$200k |
>$200k-$500k |
>$500k-$1m |
>$1m-$2m |
>$2m |
All funds |
No. of funds reporting this expense |
|---|---|---|---|---|---|---|---|---|---|
|
Interest expense within Australia |
$7,549 |
$10,078 |
$12,335 |
$14,405 |
$16,578 |
$19,270 |
$33,591 |
$16,574 |
61,652 |
|
Interest expense overseas |
$3,393 |
$6,892 |
$11,075 |
$13,588 |
$15,424 |
$9,181 |
$21,956 |
$13,706 |
351 |
|
Insurance premiums |
$5,886 |
$4,521 |
$4,648 |
$5,640 |
$7,259 |
$9,225 |
$12,274 |
$6,711 |
98,821 |
|
SMSF auditor fee |
$549 |
$566 |
$576 |
$614 |
$645 |
$702 |
$868 |
$679 |
347,739 |
|
Investment expenses |
$2,663 |
$3,473 |
$5,610 |
$6,176 |
$6,907 |
$9,312 |
$21,485 |
$10,024 |
240,691 |
|
Management and admin expenses |
$1,457 |
$1,723 |
$2,220 |
$2,944 |
$3,899 |
$5,128 |
$9,152 |
$4,503 |
444,961 |
|
Forestry managed investment scheme |
$2,556 |
$4,341 |
$3,850 |
$4,038 |
$4,300 |
$5,525 |
$11,093 |
$5,464 |
353 |
|
Supervisory levy |
$259 |
$259 |
$259 |
$259 |
$259 |
$259 |
$259 |
$259 |
470,415 |
|
Other deductions |
$1,036 |
$1,334 |
$1,494 |
$1,904 |
$2,083 |
$2,351 |
$4,873 |
$2,512 |
217,770 |
|
Total expenses |
$3,842 |
$5,583 |
$10,153 |
$12,356 |
$12,120 |
$14,451 |
$29,472 |
$14,879 |
470,415 |
|
|
$1-$50k |
>$50k-$100k |
>$100k-$200k |
>$200k-$500k |
>$500k-$1m |
>$1m-$2m |
>$2m |
All funds |
No. of funds reporting this expense |
|---|---|---|---|---|---|---|---|---|---|
|
Interest expense within Australia |
$764 |
$10,459 |
$12,515 |
$13,401 |
$13,403 |
$12,406 |
$7,394 |
$12,881 |
61,652 |
|
Interest expense overseas |
$48 |
$4,717 |
$11,794 |
$12,407 |
$9,048 |
$3,059 |
$818 |
$9,453 |
351 |
|
Insurance premiums |
$3,271 |
$3,001 |
$3,363 |
$4,175 |
$5,252 |
$6,413 |
$7,909 |
$4,532 |
98,821 |
|
SMSF auditor fee |
$450 |
$473 |
$495 |
$548 |
$550 |
$574 |
$659 |
$550 |
347,739 |
|
Investment expenses |
$149 |
$711 |
$3,877 |
$4,399 |
$4,880 |
$6,371 |
$10,734 |
$5,311 |
240,691 |
|
Management and admin expenses |
$1,107 |
$1,331 |
$1,804 |
$2,341 |
$2,824 |
$3,437 |
$5,048 |
$2,808 |
444,961 |
|
Forestry managed investment scheme |
$633 |
$2,309 |
$1,848 |
$2,869 |
$2,238 |
$2,889 |
$3,467 |
$2,538 |
353 |
|
Supervisory levy |
$259 |
$259 |
$259 |
$259 |
$259 |
$259 |
$259 |
$259 |
470,415 |
|
Other deductions |
$285 |
$386 |
$513 |
$473 |
$277 |
$259 |
$259 |
$317 |
217,770 |
|
Total expenses |
$1,871 |
$2,645 |
$4,613 |
$6,855 |
$7,787 |
$9,588 |
$15,814 |
$7,710 |
470,415 |
Table 26: Average expense ratios
These tables show:
- SMSF average expense ratios for each financial year
- distribution of SMSFs by average expense ratio range at 30 June 2018.
The average expense ratios of an SMSF are calculated by:
- summing various deductible and non-deductible expense labels from the SMSF’s annual return
- comparing this total to the SMSF’s average assets to determine a ratio of expenses to assets.
|
Expense type |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Operating |
0.5% |
0.5% |
0.6% |
0.5% |
0.5% |
|
Total |
1.2% |
1.2% |
1.3% |
1.2% |
1.1% |
|
Ratio range |
SMSFs with operating expenses in range |
SMSFs with total expenses in range |
|---|---|---|
|
<=0.25% |
22.4% |
12.3% |
|
>0.25–0.5% |
20.6% |
13.2% |
|
>0.5–0.75% |
13.3% |
10.3% |
|
>0.75–1% |
9.4% |
8.7% |
|
>1–1.5% |
12.6% |
13.7% |
|
>1.5–2% |
7.4% |
9.1% |
|
>2–3% |
7.0% |
9.8% |
|
>3–5% |
4.1% |
8.1% |
|
>5% |
3.2% |
14.8% |
|
Total |
100% |
100% |
For additional historical data for 2014 to 2017, see Data tables (XLXS 605KB)This link will download a file.
Table 27: Average expense ratios by fund size
This table shows average SMSF expense ratios by fund size for total expenses and operating expenses at 30 June 2018.
|
Fund size |
Operating expenses |
Total expenses |
|---|---|---|
|
$1–$50k |
8.2% |
15.4% |
|
>$50k–$100k |
3.4% |
7.3% |
|
>$100k–$200k |
2.2% |
6.7% |
|
>$200k–$500k |
1.3% |
3.7% |
|
>$500k–$1m |
0.8% |
1.7% |
|
>$1m–$2m |
0.5% |
1.0% |
|
>$2m |
0.3% |
0.7% |
For additional historical data for 2014 to 2017, see Data tables (XLXS 605KB)This link will download a file.
Table 28: Asset allocations
These tables show:
- the value and proportion of assets held by the SMSF population for each type of asset listed on the 2018 SMSF annual return
- the mean and median value for each of those asset types
- a breakdown of assets reported at limited recourse borrowing arrangement labels by asset type.
SMSFs will have different asset allocations in individual cases.
To ensure consistency, the total monetary amounts used in this table are those reported in the Self-managed super fund quarterly statistical report – June 2019.
|
Asset type |
All ($m) |
% of total SMSF assets |
% of SMSF population holding these assets |
Mean ($)(h) |
Median ($)(i) |
|---|---|---|---|---|---|
|
Listed trusts |
$36,943 |
5.0% |
31.7% |
$198,305 |
$81,406 |
|
Unlisted trusts |
$84,609 |
11.5% |
23.1% |
$642,692 |
$263,078 |
|
Insurance policy |
$124 |
<0.1% |
0.1% |
$294,965 |
$140,781 |
|
Other managed investments |
$36,583 |
5.0% |
11.3% |
$558,104 |
$237,076 |
|
Cash and term deposits |
$158,984 |
21.6% |
96.9% |
$280,891 |
$93,249 |
|
Debt securities |
$11,675 |
1.6% |
8.7% |
$227,400 |
$100,000 |
|
Loans |
$5,062 |
0.7% |
3.0% |
$303,834 |
$95,000 |
|
Listed shares |
$214,101 |
29.1% |
59.8% |
$603,834 |
$282,349 |
|
Unlisted shares |
$8,369 |
1.1% |
6.8% |
$219,498 |
$37,634 |
|
Limited recourse borrowing arrangements |
$43,393 |
5.9% |
10.2% |
$767,941 |
$499,192 |
|
Non-residential real property |
$67,252 |
9.1% |
11.6% |
$1,017,512 |
$600,000 |
|
Residential real property |
$36,233 |
4.9% |
9.9% |
$645,297 |
$456,348 |
|
Collectables and personal use assets |
$342 |
0.1% |
0.6% |
$115,158 |
$43,613 |
|
Other assets |
$19,814 |
2.7% |
82.4% |
$40,985 |
$8,583 |
|
Overseas shares |
$7,836 |
1.1% |
6.2% |
$224,626 |
$52,011 |
|
Overseas non-residential real property |
$119 |
<0.1% |
<0.1% |
$468,482 |
$153,089 |
|
Overseas residential real property |
$266 |
<0.1% |
0.2% |
$300,232 |
$161,316 |
|
Overseas managed investments |
$1,064 |
0.1% |
0.7% |
$266,646 |
$98,810 |
|
Other overseas assets |
$2,666 |
0.4% |
2.6% |
$182,119 |
$55,190 |
|
Total Australian and overseas Assets |
$735,438 |
100% |
Na |
$1,298,124 |
$709,984 |
|
Borrowings |
$22,759 |
3.1% |
11.4% |
$361,715 |
$267,192 |
|
Other liabilities |
$5,978 |
0.8% |
62.6% |
$17,069 |
$3,202 |
|
Net Australian and overseas assets |
$706,701 |
96.1% |
Na |
$1,244,913 |
$652,322 |
|
LRBA investment by asset type |
Total ($m) |
% of total SMSF assets |
% of SMSFs holding these assets |
Mean ($)(j) |
Median ($)(k) |
|---|---|---|---|---|---|
|
Australian residential real property |
$21,768 |
3.0% |
7.0% |
$567,943 |
$460,894 |
|
Australian non-residential real property |
$19,809 |
2.7% |
2.9% |
$1,241,594 |
$710,000 |
|
Overseas real property |
$32 |
<0.1% |
<0.1% |
$549,892 |
$296,696 |
|
Australian shares |
$511 |
0.1% |
0.3% |
$295,121 |
$163,903 |
|
Overseas shares |
$11 |
<0.1% |
<0.1% |
$208,595 |
$90,369 |
|
Other |
$1,263 |
0.2% |
0.3% |
$801,958 |
$265,000 |
|
Total(l) |
$43,393 |
5.9% |
10.2% |
$767,941 |
$499,192 |
(l) The total represents the proportion of total SMSFs holding all LRBA assets. There is a small proportion of SMSFs that hold more than one type of LRBA asset.
|
LRBA assets |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Total LRBA assets ($m) |
$43,393 |
$41,562 |
$27,023 |
$21,414 |
$15,530 |
|
Proportion of SMSFs reporting LRBAs (%) |
10.2% |
9.5% |
7.3% |
6.3% |
5.7% |
|
Investment type |
2017–18 ($m) |
2016–17 ($m) |
2015–16 ($m) |
2014–15 ($m) |
2013–14 ($m) |
|---|---|---|---|---|---|
|
Non-residential real property |
$67,252 |
$67,795 |
$67,174 |
$64,269 |
$60,262 |
|
LRBA non-residential real property |
$19,809 |
$18,943 |
$12,164 |
$9,513 |
$6,737 |
|
Residential real property |
$36,233 |
$35,206 |
$29,048 |
$23,443 |
$19,997 |
|
LRBA residential real property |
$21,768 |
$20,530 |
$13,071 |
$9,976 |
$6,658 |
|
Total SMSF investment in property |
$145,062 |
$142,474 |
$121,457 |
$107,201 |
$93,654 |
|
Total borrowings |
$22,759 |
$23,500 |
$21,196 |
$18,186 |
$13,771 |
Table 29: SMSF population holding assets
These tables show the:
- distribution of the SMSF population holding certain assets
- distribution of total SMSF assets by asset type.
|
Asset type |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Listed trusts |
31.6% |
29.1% |
28.6% |
27.7% |
27.3% |
|
Unlisted trusts |
23.1% |
22.5% |
21.8% |
20.3% |
19.9% |
|
Other managed investments |
11.3% |
10.6% |
10.8% |
11.2% |
11.0% |
|
Cash and term deposits |
96.9% |
97.0% |
97.2% |
97.0% |
97.0% |
|
Listed shares |
59.8% |
58.9% |
59.7% |
59.8% |
59.4% |
|
Non-residential real property |
11.6% |
11.9% |
13.8% |
14.5% |
14.7% |
|
Residential real property |
9.9% |
9.8% |
9.1% |
8.1% |
7.4% |
|
Limited recourse borrowing arrangements |
10.2% |
9.5% |
7.3% |
6.3% |
5.7% |
|
All other assets |
111.3% |
108.7% |
107.4% |
104.1% |
101.7% |
|
Asset type |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
Listed trusts |
5.0% |
4.3% |
4.4% |
4.1% |
3.8% |
|
Unlisted trusts |
11.5% |
11.1% |
10.4% |
9.6% |
9.1% |
|
Other managed investments |
5.0% |
4.6% |
4.9% |
5.0% |
4.6% |
|
Cash and term deposits |
21.6% |
24.0% |
24.4% |
25.3% |
27.1% |
|
Listed shares |
29.1% |
27.4% |
28.1% |
29.8% |
30.7% |
|
Non-residential real property |
9.1% |
9.8% |
11.0% |
11.1% |
11.3% |
|
Residential real property |
4.9% |
5.1% |
4.8% |
4.1% |
3.8% |
|
Limited recourse borrowing arrangements |
5.9% |
6.0% |
4.4% |
3.7% |
2.9% |
|
All other assets |
7.9% |
7.7% |
7.6% |
7.3% |
6.7% |
|
Total |
100% |
100% |
100% |
100% |
100% |
For additional tables on changes in distribution of SMSF asset holdings from 2014 to 2018, see Data tables (XLXS 605KB)This link will download a file.
Table 30: SMSF asset allocations, by fund phase
This table shows the distribution of assets held by SMSFs in accumulation and retirement phases, for each type of asset listed on the 2018 SMSF annual return.
|
Asset type |
Accumulation phase |
Retirement phase |
|---|---|---|
|
Listed trusts |
4.1% |
5.4% |
|
Unlisted trusts |
11.0% |
12.2% |
|
Insurance policy |
<0.1% |
<0.1% |
|
Other managed investments |
4.5% |
5.3% |
|
Cash and term deposits |
21.5% |
21.5% |
|
Debt securities |
0.9% |
2.0% |
|
Loans |
0.7% |
0.7% |
|
Listed shares |
20.9% |
32.8% |
|
Unlisted shares |
1.5% |
1.0% |
|
Limited recourse borrowing arrangements |
14.3% |
1.5% |
|
Non-residential real property |
9.5% |
9.2% |
|
Residential real property |
6.5% |
4.2% |
|
Collectables and personal use assets |
0.1% |
<0.1% |
|
Other assets |
2.8% |
2.6% |
|
Overseas shares |
1.2% |
1.1% |
|
Overseas non-residential real property |
<0.1% |
<0.1% |
|
Overseas residential real property |
0.1% |
<0.1% |
|
Overseas managed investments |
0.2% |
0.1% |
|
Other overseas assets |
0.4% |
0.4% |
|
Total Australian and overseas assets |
100% |
100% |
Table 31: 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, at 30 June 2018, 44% of SMSFs held 80% or more of their assets in one particular asset class, representing 29% of total SMSF assets.
An asset concentration of 100% indicates all assets are held within a single asset class.
|
Asset concentration |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
100% |
9.2% |
10.4% |
10.8% |
11.6% |
12.3% |
|
>=90% |
30.1% |
30.6% |
31.1% |
31.6% |
32.3% |
|
>=80% |
44.0% |
44.4% |
44.8% |
45.1% |
45.6% |
|
>=70% |
56.7% |
57.1% |
57.4% |
57.8% |
58.4% |
|
>=60% |
69.8% |
70.2% |
70.5% |
71.0% |
71.7% |
|
>=50% |
84.5% |
84.8% |
85.2% |
85.8% |
86.6% |
|
Asset concentration |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
2013–14 |
|---|---|---|---|---|---|
|
100% |
4.0% |
4.6% |
4.7% |
4.9% |
5.3% |
|
>=90% |
18.8% |
18.8% |
19.3% |
19.3% |
19.8% |
|
>=80% |
29.1% |
29.0% |
29.6% |
29.8% |
30.2% |
|
>=70% |
38.5% |
38.5% |
39.1% |
39.4% |
40.1% |
|
>=60% |
47.9% |
47.8% |
48.5% |
48.9% |
49.8% |
|
>=50% |
57.3% |
57.3% |
58.0% |
58.6% |
59.6% |
Table 32: Asset concentration by fund size
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.
|
Fund size |
% of SMSFs with 100% concentration |
>=90% |
>=80% |
>=70% |
>=60% |
>=50% |
|---|---|---|---|---|---|---|
|
$1–$50k |
41.4% |
64.7% |
75.7% |
83.8% |
91.2% |
98.0% |
|
>$50k–$100k |
23.3% |
52.5% |
66.1% |
76.1% |
86.0% |
96.0% |
|
>$100k–$200k |
19.2% |
46.1% |
60.0% |
72.0% |
83.0% |
93.6% |
|
>$200k–$500k |
11.2% |
38.0% |
54.4% |
67.1% |
78.5% |
90.2% |
|
>$500k–$1m |
6.6% |
28.5% |
43.7% |
57.4% |
71.2% |
85.9% |
|
>$1m–$2m |
4.7% |
21.0% |
33.5% |
46.4% |
61.2% |
79.1% |
|
>$2m–$5m |
2.7% |
15.5% |
26.6% |
39.4% |
54.5% |
73.3% |
|
>$5m–$10m |
1.5% |
12.8% |
23.3% |
36.0% |
51.0% |
68.9% |
|
>$10m |
1.5% |
13.8% |
24.5% |
36.6% |
50.7% |
67.3% |
Table 33: Asset concentration by asset type
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.
|
Asset type |
% of SMSFs with 100% of asset class |
>=90% |
>=80% |
>=70% |
>=60% |
>=50% |
|---|---|---|---|---|---|---|
|
Listed trusts |
<0.1% |
0.4% |
0.6% |
1.0% |
1.5% |
2.2% |
|
Unlisted trusts |
0.2% |
1.8% |
3.1% |
4.3% |
5.7% |
7.3% |
|
Insurance policy |
<0.1% |
<0.1% |
<0.1% |
<0.1% |
<0.1% |
<0.1% |
|
Other managed investments |
0.1% |
1.3% |
1.9% |
2.5% |
3.1% |
3.8% |
|
Cash and term deposits |
7.6% |
11.4% |
13.3% |
15.4% |
17.9% |
21.2% |
|
Debt securities |
<0.1% |
<0.1% |
0.1% |
0.1% |
0.1% |
0.2% |
|
Loans |
0.0% |
0.2% |
0.4% |
0.4% |
0.5% |
0.6% |
|
Listed shares |
0.2% |
5.8% |
10.4% |
14.9% |
19.6% |
24.6% |
|
Unlisted shares |
<0.1% |
0.2% |
0.4% |
0.5% |
0.6% |
0.8% |
|
Limited recourse borrowing arrangements |
0.2% |
4.3% |
6.5% |
7.8% |
8.6% |
9.2% |
|
Non-residential real property |
0.2% |
1.9% |
3.2% |
4.4% |
5.5% |
6.7% |
|
Residential real property |
0.1% |
1.5% |
2.5% |
3.4% |
4.3% |
5.1% |
|
Collectables and personal use assets |
<0.1% |
<0.1% |
0.1% |
0.1% |
0.1% |
0.1% |
|
Other assets |
0.4% |
0.9% |
1.2% |
1.5% |
1.7% |
2.0% |
|
Overseas shares |
<0.1% |
0.1% |
0.1% |
0.2% |
0.2% |
0.3% |
|
Overseas non-residential real property |
<0.1% |
<0.1% |
<0.1% |
<0.1% |
<0.1% |
<0.1% |
|
Overseas residential real property |
<0.1% |
<0.1% |
0.1% |
0.1% |
0.1% |
0.1% |
|
Overseas managed investments |
<0.1% |
<0.1% |
<0.1% |
<0.1% |
<0.1% |
<0.1% |
|
Other overseas assets |
<0.1% |
<0.1% |
0.1% |
0.1% |
0.1% |
0.1% |
|
Total |
9.2% |
30.1% |
44.0% |
56.7% |
69.8% |
84.5% |
Table 34: Asset concentration by phase
This table shows the distribution of SMSFs in accumulation or retirement phase that have 50% or more of their assets by value invested in one particular asset class.
|
Asset concentration |
% of SMSFs in accumulation phase |
% of SMSFs in retirement phase |
|---|---|---|
|
100% |
11.3% |
6.5% |
|
>=90% |
35.7% |
22.8% |
|
>=80% |
50.8% |
35.2% |
|
>=70% |
63.4% |
48.0% |
|
>=60% |
75.6% |
62.4% |
|
>=50% |
88.2% |
79.6% |