ATO have released latest SMSF Statistics


The ATO have just released the SMSF Quarterly Statistical Report for December 2012. It’s good reading for those interested in SMSFs and especially for those embarking on the idea of using one as you can see that they are a well established and significant sector in the superannuation industry.

HIGHLIGHTS

As at June 2012 there were 478,579 Self-Managed Super Funds. This was a net increase of 37,174 (3,097/month) for the year. At this rate with 909K members we are looking at the 1,000,000 SMSF member around September 2013!

Total assets held as at December 2012 was $474,414,000

Assets, including net contributions, increased by $64,693,000 over the year (15.8%)

Listed share exposure increased from 29% to 31.6% over the year

Australian non-residential property dropped from 12% to 11.4% of total assets though it did increase by $5,213,000 whilst Australian residential property decreased from 3.7% to 3.5% of total assets though it did increase by $1,600,000.

Over 91% of funds contain no more than 2 members emphasising that most of the funds are mum and dad funds and people are still hesitant to bring in their children. 22.5% are single member funds.

As at June 2011

o   Average SMSF assets per fund was $963,002

o   Median assets per SMSF was $539,486

o   Average member account size was $506,499

o   Median member account size was $301,964

Ages of members at June 2012 were

o   Under 25 – 1%

o   25 to 34 – 3.4%

o   35 to 44 – 11.2%

o   45 to 54 – 22.8%

o   55 to 64 – 33.4%

o   Over 64 – 28.1%

The ATO believe that with their new data gatherign they will be able to provide additional operating expense reporting in the future. as they have made chnages to the 2012-13 SMSF Annual Return to colect more specific data.

To see the full report and browse through the tables click here

As always please contact me if you want to look at your own particular situation as we take you from novice to expert step by step over the long-term. We have offices in Castle Hill and Windsor but can meet clients anywhere in Sydney or via Skype.

Liam Shorte B.Bus SSA™ AFP

Financial Planner & SMSF Specialist Advisor™

SMSF Specialist Adviser 

 Follow SMSFCoach on Twitter Liam Shorte on Linkedin NextGen Wealth on Facebook   

Verante Financial Planning

Tel: 02 98941844, Mobile: 0413 936 299

PO Box 6002 BHBC, Baulkham Hills NSW 2153

5/15 Terminus St. Castle Hill NSW 2154

Corporate Authorised Representative of Viridian Select Pty Ltd ABN 41 621 447 345, AFSL 51572

This information has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs. This website provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such.

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