The ATO has released the ninth edition of their annual statistical report on self-managed superannuation funds (SMSFs). The overview provides high-level observations and commentary on 2016–17 statistics gathered from SMSF annual returns, SMSF registrations and auditor contravention reports.

Highlights include:

• 596,000 SMSFs holding $750 billion in assets, with more than 1.1 million SMSF members, as at 30 June 2018
• in 2016–17, the average assets of an SMSF were just over $1.2 million. This is an increase of 10% from 2016, and 27% over the last five years
• 55% of SMSFs have been established for over 10 years
• 48% of SMSFs had assets between $200,001 and $1 million. This accounts for 21% of total of SMSF assets
• the median age of SMSF members of newly established funds in 2017 was 48, compared with 59 for all SMSF members as at 30 June 2018
• at 30 June 2017, the average member balance for females had increased by 32% over the past five years, while the average balance for males increased by 25% over the same period

Click here for infographic of the key figures in this report

Click here for the SMSF statistical overview 2016-17

Source: www.ato.gov.au