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SMSF Association review of the Australian Taxation Office’s SMSF Statistical Overview 2016-2017

July 2019

The SMSF Association has released their review of the Australian Taxation Office’s 2016-17 statistical overview of SMSFs. It reveals a sector that has not only performed well but provides a positive outlook for its future growth and strong performance.

So what are the key takeaways for SMSFs?

  • The average SMSF establishment size rose to $521,000 compared with the relatively stable levels of $370,000 in the previous four years – a 38% increase.
  • SMSFs made an average return of 10.2% compared with the 9.1% return for APRA-regulated funds.
  • SMSF expenses fell eight basis points, largely attributable to increased use of technology and software in fund administration.
  • Total contributions to SMSFs were $41.8 billion up from $31.6 billion and an increase of 32% over 2016.
  • SMSF benefit payments increased by 31% from $35 billion to $46 billion.
  • Of SMSFs established in the 10 years prior to 30 June 2017, 88% were still in existence at that date.
  • The average age brackets of members who are establishing SMSFs is clearly skewed to younger demographics.