e ATO has just released the latest of what has become a series of annual publications. The report, Self-managed superannuation funds: A statistical overview, started being published in late 2011 and has become an anticipated event for many in the SMSF arena — containing as it usually does some good news.
The statistical report is put together from the vast swathe of data gathered by the ATO from lodgements, returns, registrations and auditor contravention reports. As getting all of the relevant statistics together can take some time, relying as this effort does on all returns and so on being completed, the data used in these ATO reports is sourced not from current years but from very recent financial years. The latest release is based on complete 2014-15 data.
Click here to download the data tables (in xls format). But briefly, the ATO data reveals the following:
the average establishments each year (2012 to 2016) are 36,000since 2011, the number of funds increased 31%, and assets grew 55%45% of SMSFs have existed for more than 10 yearsthe top 5 asset classes are; listed shares 31%, cash and term deposits 26%, non-residential real property 11%, unlisted trusts 9%, other managed investments 5%estimated net return average is 6.2%81% of SMSFs hold total assets greater than $200,000since 2011, average assets per fund increased 20% to $1.1 millionsince 2011, average assets per member increased 21% to $590,000contributions for 2015 totalled $32.9 billioncontributions over 5 years increased 38%$35 billion was paid out as pensions in 2015SMSF members in accumulation phase 52%, in pension phase 48%the median age of members at June 2016 was 59 yearsthe median age of members of newly established funds is 48 yearsat June 2016, 47% of members were female, 53% maleover five years, average female member balance increased 24% to $498,000over five years, average male member balance increased 17% to $633,000.
#[ATO], [data], [Smsf], [smsfs], [superannuation]
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