2023/24 Research Findings

Published March 2026

Each year, the SMSF Association commissions independent research to examine how self‑managed super funds (SMSFs) have performed compared with APRA‑regulated superannuation funds. This research is conducted by Adelaide University.

The latest findings show that SMSFs continued to outperform APRA‑regulated funds over the five‑year period to June 2024.

Over this period, SMSFs achieved a 5‑year rate of return that was 1.1 percentage points higher than APRA‑regulated funds. The research also highlights the growing size of the SMSF sector, with total assets now exceeding $1 trillion.

While results can vary depending on how an SMSF is set up and managed, the findings provide useful insight into long‑term performance trends for trustees.

* Five‑year annualised rates of return for SMSFs and APRA‑regulated funds are based on geometric means.

View the full report and findings below.

Sorry, this content is reserved for members of our SMSF Connect community.

Please register for a free community account to view this content or login below.

Login

If you are an existing member of SMSF Connect, please login below.

If you wish to learn more about joining the community, please click here.

Join the free community

Complete the form below to set up your free account and be regularly updated on SMSF and investing news and information.

Name*
First Last
Email*
State*
State
Password*
Enter Password Confirm Password

Strength indicator

Previous Research

2020-2021 SMSF Performance

Released in 2023, this this research builds upon the 2022 research which explored the relationship between fund size and investment performance, between both SMSFs and APRA-regulated funds.

Understanding Self-Managed Super Fund Performance

Released in 2022, this research venture established a new threshold at with SMSFs become competitive with Retail & Industry funds, showing that for suitable individuals, an SMSF can be a viable option for those with lower superannuation balances than previously thought.

Cost of Operating SMSFs 2020

Released in 2020, this research examines the size at which an SMSF becomes a viable option for those who are considering establishing an SMSF or are continuing to use an SMSF for their retirement savings.

NEVER MISS AN UPDATE! Join the community and Subscribe to SMSF Connect to be the first to hear from the SMSF Association on the latest SMSF, super and investment news and insights delivered straight to your inbox.

About SMSF Connect

If you have a self managed super fund (SMSF) or are thinking of setting one up, SMSF Connect aims to empower you to self-educate and take greater control over your destiny in achieving a dignified retirement.

We understand that education leads to greater knowledge and the ability to make more informed decisions. Take charge of your future with SMSF Connect, your comprehensive education resource for your SMSF.

SMSF Connect includes up to date information on the latest SMSF and superannuation news, education resources, checklists, information sheets, events, webinars, videos and more.

SMSF CONNECT FREE COMMUNITY

Join the Community

Being a part of the SMSF Connect community positions you at the forefront of the latest self managed super fund information, empowering you with the tools to seek the best outcomes on your SMSF journey.