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Latest annual stats show the SMSF sector continues to grow

See the latest statistical overview that provides analysis of SMSF's for the 2021-22 financial year.

Published 7 February 2024

We've released the latest edition of our annual statistical overview on Self-managed super funds: a statistical overview 2021-22External Link. The overview provides key statistics and analysis of Australia's SMSF sector for the financial year.

This report is in a new format that is now available on data.gov.au.

The main source of data is 2021-22 SMSF annual returns. In addition, we've included:

  • 2022-23 information for registrations
  • wind-ups
  • total populations (SMSFs and members)
  • demographics
  • estimated total SMSF assets and asset allocation
  • auditor contravention reports.

Highlights include:

  • Over 610,000 SMSFs holding $876 billion in assets, with more than 1.1 million SMSF members, as at 30 June 2023.
  • SMSFs had assets of almost $1.5 million on average in 2021-22, up 18% over five years but down by 2% from 2020-21.
  • 65% of SMSFs have existed for more than 10 years.
  • 45% of SMSFs had assets between $200,001 and $1 million. This accounts for 17% of total of SMSF assets.
  • The median age of SMSF members of newly established funds in 2021-22 was 46. The median age of all SMSF members was 62 as at 30 June 2023.
  • The average member balance for females increased by 23% over the five years to 2021-22, while the average balance for males increased by 19% over the same period.

Our infographics show the key figures in this report.

These statistics provide an indicator of the health and performance of the entire SMSF sector. They provide indicative information about items such as type of investments and costs incurred by existing funds.

Looking for the latest news for SMSFs? – You can stay up to date by visiting our SMSF newsroom and subscribingExternal Link to our monthly SMSF newsletter.

 

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