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Self-managed super fund quarterly statistical report – September 2018

This is a statistical report for the self-managed super fund market for the period up to September 2018.

Last updated 9 December 2018

We publish quarterly statistical reports for the self-managed super fund (SMSF) market. This report has been developed taking into account valuable feedback from the superannuation industry.

The information in this report includes:

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Explanatory notes on statistics used

Much of the information in the statistical tables is estimated, based on data reported to us. Caution should be taken when using or presenting this data. The estimates have been based on data provided by SMSFs reporting their financial position as at 30 June of the relevant financial year.

Rounding of figures may cause minor discrepancies to totals, for example some proportions are rounded to zero but are not equal to zero.

The SMSF population, asset allocation and establishment tables are updated on a quarterly basis, with the remainder of the tables updated annually when the June quarter updates are published.

Quarterly reports (as at the end of March, June, September and December each year) will generally be published within three months after the end of the quarter. The next report will cover the period up to 31 December 2018 and should be available in March 2019.

If you would like to provide comments, or you have questions about this report, email us at SPR_smsfstats@ato.gov.au

This email address is only for comments and questions about published SMSF data.

Additional information

From the June 2018 report, the 2016–17 annual return data has been incorporated into our estimation model – as a result, the estimates are a more accurate reflection of SMSF asset holdings.

On 18 January 2018, we released Self-managed superannuation funds: A statistical overview 2015–16. Because the overview is based on historical data, it will differ from the more recent data in this quarterly SMSF statistical report.

See also

Historical data

To view historical data refer to:

Note: A number of tables no longer report historical data from before 2014. However, statistics from before 2014 may be included in the above reports.

Population and asset allocation tables

The following tables contain details of the population growth and asset allocation of SMSFs. They include details of the number of SMSFs established or wound up during recent financial years (quarterly and annual data) and estimates of the amount of assets held by SMSFs for each type of asset. These tables are updated on a quarterly basis.

SMSF population table – annual data

This table contains details of the number of SMSFs that were established or wound up during each financial year. Establishment date is the date when an SMSF is deemed by the super law to come into existence, and can be different from the date the SMSF registers with us.

Wind-ups include both those initiated by trustees and those that occur as a result of ATO compliance and cleansing activity. Those initiated by the trustees refer to the year the fund actually winds up, rather than the date this advice is received by us. Net establishments are calculated as establishments, less wind-ups.

Total number of SMSFs is calculated as the number of SMSFs as at the end of the previous financial year, plus net establishments for the financial year.

The number of members of SMSFs is estimated based on SMSF return form data, with the estimates for June 2018 extrapolated from 2016–17 data.

The data was extracted on 16 October 2018.

Population table – annual data

Date

Establishments

Wind-ups

Net establishments

Total number of SMSFs

Total members of SMSFs

Jun 2014

33,375

12,610

20,765

521,623

987,746

Jun 2015

33,788

12,936

20,852

542,475

1,026,986

Jun 2016

32,867

12,122

20,745

563,220

1,061,199

Jun 2017

30,535

12,995

17,540

580,760

1,094,583

Jun 2018

25,440

15,573

9,867

590,627

1,113,741

Population table – quarterly data

This table is similar to the SMSF population table – annual data. However, it contains details of the number of SMSFs that established or were wound up in each quarter since the June 2014 quarter.

Quarterly establishments and wind-ups for recent quarters may be understated, because there is often a time lag between when this event occurs and when we receive notification from the SMSF. It is anticipated that the number of June 2018 quarter establishments and particularly wind-ups will increase as more notifications are received.

In addition, recent quarter estimates of the total members of SMSFs are extrapolated from 2016–17 return form data.

Generally the ATO receives wind-up notifications as at the end of the financial year so the June quarters have significantly larger wind-ups than other quarters. However, a large number of wind-ups occurred in the September 2017 quarter due to the ATO’s cancellation of ABNs for around 9,000 SMSFs.

The data was extracted on 16 October 2018.

Population table – quarterly data

Date

Establishments

Wind-ups

Net establishments

Total number of SMSFs

Total members of SMSFs

Jun 2014

8,521

8,816

-295

521,623

987,746

Sep 2014

9,399

1,174

8,225

529,848

1,005,677

Dec 2014

7,901

1,146

6,755

536,603

1,017,643

Mar 2015

7,893

1,360

6,533

543,136

1,029,187

Jun 2015

8,595

9,256

-661

542,475

1,026,986

Sep 2015

9,613

884

8,729

551,204

1,040,814

Dec 2015

7,086

962

6,124

557,328

1,051,680

Mar 2016

7,587

1,180

6,407

563,735

1,063,031

Jun 2016

8,581

9,096

-515

563,220

1,061,199

Sep 2016

7,967

690

7,277

570,497

1,077,443

Dec 2016

6,768

992

5,776

576,273

1,087,682

Mar 2017

7,393

1,280

6,113

582,386

1,098,497

Jun 2017

8,407

10,033

-1,626

580,760

1,094,583

Sep 2017

7,368

9,014

-1,646

579,114

1,093,789

Dec 2017

6,249

933

5,316

584,430

1,103,211

Mar 2018

5,921

1,201

4,720

589,150

1,111,540

Jun 2018

5,902

4,425

1,477

590,627

1,113,741

Sep 2018

5,580

148

5,432

596,059

1,125,994

Asset allocation tables

These tables contain estimates of the amount of assets held by SMSFs for each type of asset listed on the SMSF annual return. Tables also contain estimates of borrowings, other liabilities and total net Australian and overseas assets held by SMSFs.

The figures for June 2014 through to June 2017 are estimates based on return form data for those financial years. Each quarter, these estimates are updated as more return data becomes available. The estimates have been based on data provided by SMSFs reporting their financial position as at 30 June of the relevant financial year. Estimates for September 2017 and subsequent quarters are extrapolated from 2016–17 return form data.

The following estimates relate to the total SMSF population, including funds established in the most recent quarter. This means that any changes in asset allocation figures from one quarter to another will be based on estimates for funds established in that quarter as well as estimates for all other SMSFs.

These are estimates of asset allocations for the total SMSF population. The data was extracted on 16 October 2018.

Asset allocation tables ($ million)

Date

Listed trusts

Unlisted trusts

Insurance policy

Other managed investments

Cash and term deposits

Debt securities

Loans

Jun 2014

20,108

48,650

166

24,612

144,074

6,200

3,777

Sep 2014

20,240

48,969

167

24,962

144,886

6,235

3,784

Dec 2014

20,864

50,478

170

25,913

145,913

6,279

3,785

Mar 2015

22,259

53,855

180

27,586

147,242

6,336

3,796

Jun 2015

24,109

56,012

154

28,814

147,006

7,481

4,080

Sep 2015

23,615

54,863

151

28,974

147,588

7,511

4,081

Dec 2015

24,481

56,875

153

29,843

148,328

7,548

4,084

Mar 2016

24,266

56,376

150

29,554

149,197

7,593

4,073

Jun 2016

27,402

63,808

142

30,218

150,477

9,040

4,504

Sep 2016

28,346

66,005

108

33,623

150,581

9,046

4,513

Dec 2016

29,753

69,282

108

35,217

150,973

9,069

4,522

Mar 2017

30,966

72,106

109

36,098

151,753

9,116

4,539

Jun 2017

30,631

77,634

168

32,659

169,577

11,138

4,822

Sep 2017

30,745

77,922

167

33,300

169,761

11,150

4,827

Dec 2017

32,160

81,509

169

34,366

170,152

11,176

4,841

Mar 2018

31,591

80,068

167

34,644

170,877

11,223

4,856

Jun 2018

33,096

83,882

169

35,848

172,211

11,311

4,883

Sep 2018

33,401

84,654

168

35,670

172,329

11,319

4,859

Asset allocation tables ($ million) continued 

Date

Listed shares ($m)

Unlisted shares ($m)

Limited recourse borrowing arrangements ($m)

Non-residential real property ($m)

Residential real property ($m)

Collectables and personal use assets ($m)

Other assets ($m)

Jun 2014

163,748

5,594

15,545

60,374

20,003

441

14,421

Sep 2014

162,284

5,604

15,887

61,705

20,444

442

14,446

Dec 2014

167,102

5,606

16,395

63,677

21,098

442

14,453

Mar 2015

184,502

5,622

16,881

65,566

21,724

444

14,492

Jun 2015

173,470

6,341

21,436

64,496

23,450

417

16,876

Sep 2015

161,314

6,344

22,059

66,369

24,131

417

16,882

Dec 2015

171,282

6,348

22,313

67,136

24,410

417

16,895

Mar 2016

166,448

6,332

22,552

67,854

24,671

416

16,850

Jun- 2016

173,861

7,024

27,002

67,515

29,134

346

17,727

Sep 2016

181,881

7,039

27,615

69,049

29,797

347

17,764

Dec 2016

190,670

7,052

29,023

72,568

31,315

347

17,799

Mar 2017

199,694

7,079

30,016

75,051

32,386

349

17,865

Jun 2017

196,823

8,086

40,346

68,021

35,355

353

19,780

Sep 2017

197,145

8,095

40,579

68,415

35,560

354

19,803

Dec 2017

211,524

8,118

41,356

69,724

36,240

355

19,859

Mar 2018

203,042

8,142

41,552

70,054

36,412

356

19,918

Jun 2018

220,689

8,189

41,899

70,640

36,716

358

20,033

Sep 2018

222,975

8,148

42,237

71,209

37,012

356

19,934

Asset allocation tables ($ million) continued

Date

Overseas shares ($m)

Overseas non-residential real property ($m)

Overseas residential real property ($m)

Overseas managed investments ($m)

Other overseas assets ($m)

Jun 2014

1,839

114

240

485

2,233

Sep 2014

1,823

113

238

481

2,213

Dec 2014

1,877

116

245

495

2,278

Mar 2015

2,072

128

271

547

2,516

Jun 2015

3,455

116

269

702

2,668

Sep 2015

3,213

108

250

652

2,481

Dec 2015

3,412

115

266

693

2,634

Mar 2016

3,315

111

258

673

2,560

Jun 2016

4,020

126

282

721

2,518

Sep 2016

4,206

132

295

754

2,635

Dec 2016

4,409

138

309

790

2,762

Mar 2017

4,618

145

324

828

2,893

Jun 2017

5,854

140

280

820

2,447

Sep 2017

5,863

140

280

822

2,451

Dec 2017

6,291

150

301

882

2,630

Mar 2018

6,039

144

289

846

2,525

Jun 2018

6,564

157

314

920

2,744

Sep 2018

6,632

158

317

929

2,773

Asset allocation tables ($ million) continued

 Date

Total Australian and overseas assets ($m)

Borrowings ($m)

Other Liabilities ($m)

Total net Australian and overseas assets ($m)

Jun 2014

532,626

13,782

4,761

514,083

Sep 2014

534,922

13,841

4,782

516,299

Dec 2014

547,187

14,159

4,892

528,136

Mar 2015

576,019

14,905

5,149

555,965

Jun 2015

581,350

18,199

5,528

557,623

Sep 2015

571,002

17,875

5,430

547,697

Dec 2015

587,232

18,383

5,584

563,265

Mar 2016

583,250

18,258

5,546

559,446

Jun 2016

615,867

21,162

5,569

589,136

Sep 2016

633,735

21,776

5,731

606,228

Dec 2016

656,106

22,544

5,933

627,629

Mar 2017

675,931

23,225

6,112

646,594

Jun 2017

704,935

22,637

5,764

676,534

Sep 2017

707,380

22,716

5,784

678,880

Dec 2017

731,803

23,500

5,984

702,319

Mar 2018

722,744

23,209

5,910

693,625

Jun 2018

750,621

24,105

6,137

720,379

Sep 2018

755,081

24,248

6,174

724,659

QC57591