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Annual SMSF population analysis tables

Contain demographic information of SMSFs, as well as individual members, as at 30 June 2016.

Last updated 19 December 2016

The following tables contain demographic information of SMSFs, as well as individual members, as at 30 June 2016. They also include a more detailed analysis of asset allocation of SMSFs, as well as estimates of the total amount of ‘flows’ into and out of SMSFs. These tables are updated on an annual basis, when the June quarter updates are published.

Tables on this page:

Asset allocation by asset value of the fund table

This table contains the approximate distribution of assets held by SMSFs of different sizes, based on total fund assets. These tables are based on actual return data for the 2012 through to 2015 financial years.

The data is provided by SMSFs reporting their financial position as at 30 June of the relevant financial year.

The data was extracted on 12 July 2016.

Asset value ranges of funds

2012

$1-
$50k

>$50-
$100k

>$100-
$200k

>$200-
$500k

>$500k
-$1m

>$1-
$2m

>$2-
$5m

>$5-
$10m

>$10m

Listed trusts

1.79%

2.41%

3.21%

3.78%

3.85%

3.50%

3.30%

3.05%

2.34%

Unlisted trusts

2.45%

4.01%

5.67%

6.60%

6.95%

7.90%

9.48%

12.61%

15.71%

Insurance policy

0.05%

0.07%

0.04%

0.03%

0.03%

0.04%

0.05%

0.05%

0.01%

Other managed investments

1.95%

2.69%

3.72%

4.38%

4.50%

4.37%

4.19%

4.24%

3.66%

Cash and term deposits

54.82%

49.62%

45.35%

37.15%

34.65%

33.12%

29.98%

25.93%

22.94%

Debt securities

0.15%

0.21%

0.32%

0.55%

0.76%

0.84%

0.93%

1.08%

1.13%

Loans

2.11%

2.09%

1.47%

0.81%

0.55%

0.61%

0.63%

0.98%

1.75%

Listed shares

22.45%

25.29%

26.56%

27.46%

27.76%

27.96%

27.92%

27.89%

27.05%

Unlisted shares

1.90%

2.21%

1.71%

1.12%

0.94%

0.96%

1.19%

1.66%

2.52%

Limited recourse borrowing arrangements

0.05%

0.17%

0.36%

0.88%

0.70%

0.50%

0.40%

0.57%

1.41%

Non-residential real property

0.68%

1.74%

3.64%

8.12%

10.86%

12.68%

14.75%

15.37%

13.79%

Residential real property

0.45%

1.00%

1.81%

4.85%

5.05%

4.17%

3.52%

2.38%

1.63%

Collectables and personal use assets

0.71%

0.66%

0.48%

0.22%

0.14%

0.12%

0.09%

0.09%

0.10%

Other assets

9.40%

6.53%

4.66%

3.26%

2.60%

2.53%

2.74%

3.03%

3.88%

Overseas
shares

0.39%

0.37%

0.34%

0.28%

0.23%

0.24%

0.33%

0.52%

1.10%

Overseas
non- residential real property

0.06%

0.07%

0.04%

0.03%

0.02%

0.02%

0.02%

0.03%

0.04%

Overseas residential real property

0.12%

0.23%

0.14%

0.09%

0.05%

0.04%

0.02%

0.02%

0.02%

Overseas
managed investments

0.05%

0.07%

0.05%

0.05%

0.05%

0.07%

0.07%

0.10%

0.15%

Other overseas assets

0.42%

0.57%

0.44%

0.35%

0.32%

0.34%

0.37%

0.42%

0.78%

Total

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

Asset value ranges of funds

2013

$1-
$50k

>$50-
$100k

>$100-
$200k

>$200-
$500k

>$500k
-$1m

>$1-
$2m

>$2-
$5m

>$5-
$10m

>$10m

Listed trusts

1.64%

2.06%

2.73%

3.65%

3.98%

3.81%

3.43%

3.12%

2.32%

Unlisted trusts

2.30%

3.97%

5.42%

6.14%

6.72%

7.80%

9.37%

12.12%

16.02%

Insurance policy

0.02%

0.04%

0.03%

0.03%

0.03%

0.05%

0.04%

0.04%

0.01%

Other managed investments

1.29%

2.22%

3.03%

4.10%

4.47%

4.61%

4.52%

4.47%

4.42%

Cash and term deposits

54.91%

51.05%

48.66%

37.04%

33.07%

31.14%

27.82%

23.98%

19.92%

Debt securities

0.14%

0.18%

0.29%

0.51%

0.76%

0.95%

1.07%

1.28%

1.56%

Loans

1.98%

2.20%

1.55%

0.80%

0.55%

0.56%

0.61%

0.86%

1.70%

Listed shares

21.63%

23.19%

23.98%

26.22%

28.10%

29.78%

30.63%

30.87%

28.73%

Unlisted shares

1.96%

2.26%

1.69%

1.04%

0.85%

0.86%

1.02%

1.45%

2.34%

Limited recourse borrowing arrangements

0.11%

0.33%

0.68%

3.36%

2.81%

1.50%

1.14%

1.41%

3.11%

Non-residential real property

0.86%

1.78%

3.71%

8.19%

10.38%

11.80%

13.60%

13.87%

12.63%

Residential real property

0.67%

1.22%

1.93%

4.84%

5.00%

3.92%

3.27%

2.31%

1.62%

Collectables and personal use assets

0.62%

0.71%

0.42%

0.20%

0.12%

0.09%

0.07%

0.07%

0.05%

Other assets

10.77%

7.37%

4.76%

3.04%

2.46%

2.37%

2.49%

2.83%

3.43%

Overseas shares

0.44%

0.45%

0.36%

0.32%

0.27%

0.29%

0.39%

0.61%

1.12%

Overseas
non- residential real property

0.06%

0.09%

0.04%

0.03%

0.01%

0.01%

0.02%

0.02%

0.10%

Overseas residential real property

0.11%

0.26%

0.24%

0.11%

0.05%

0.04%

0.02%

0.01%

0.02%

Overseas managed investments

0.03%

0.05%

0.05%

0.04%

0.05%

0.07%

0.08%

0.14%

0.18%

Other overseas assets

0.45%

0.57%

0.43%

0.35%

0.31%

0.34%

0.41%

0.53%

0.73%

Total

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

Asset value ranges of funds

2014

$1-
$50k

>$50-
$100k

>$100-
$200k

>$200-
$500k

>$500k
-$1m

>$1-
$2m

>$2-
$5m

>$5-
$10m

>$10m

Listed trusts

1.53%

1.97%

2.55%

3.64%

4.04%

4.13%

3.91%

3.55%

2.63%

Unlisted trusts

2.36%

4.07%

5.53%

6.15%

6.82%

7.96%

9.45%

11.98%

15.50%

Insurance policy

0.01%

0.03%

0.03%

0.02%

0.02%

0.03%

0.04%

0.03%

0.01%

Other managed investments

1.28%

1.97%

2.76%

3.94%

4.56%

4.81%

4.81%

4.84%

4.64%

Cash and term deposits

55.52%

51.59%

48.68%

35.18%

30.58%

28.69%

25.37%

21.38%

16.60%

Debt securities

0.14%

0.19%

0.28%

0.54%

0.84%

1.10%

1.33%

1.55%

1.80%

Loans

1.81%

2.11%

1.48%

0.71%

0.48%

0.51%

0.54%

0.83%

1.74%

Listed shares

20.22%

21.91%

23.43%

25.72%

28.41%

31.29%

32.69%

33.34%

31.69%

Unlisted shares

2.07%

2.32%

1.84%

0.99%

0.74%

0.76%

0.96%

1.35%

2.25%

Limited recourse borrowing arrangements

0.34%

0.75%

1.20%

5.60%

4.74%

2.42%

1.68%

2.02%

4.24%

Non-residential real property

0.95%

1.91%

3.69%

8.24%

10.15%

11.16%

12.54%

12.78%

11.73%

Residential real property

1.12%

1.58%

2.12%

5.29%

5.45%

4.04%

3.28%

2.35%

1.41%

Collectables and personal use assets

0.65%

0.57%

0.39%

0.17%

0.09%

0.07%

0.06%

0.05%

0.04%

Other assets

10.79%

7.61%

4.86%

3.02%

2.44%

2.36%

2.48%

2.75%

3.56%

Overseas shares

0.38%

0.35%

0.32%

0.24%

0.20%

0.22%

0.34%

0.50%

0.89%

Overseas
non- residential real property

0.10%

0.06%

0.06%

0.03%

0.02%

0.01%

0.01%

0.02%

0.08%

Overseas residential real property

0.22%

0.27%

0.29%

0.12%

0.05%

0.04%

0.03%

0.01%

0.00%

Overseas managed investments

0.06%

0.06%

0.05%

0.05%

0.06%

0.06%

0.08%

0.14%

0.29%

Other overseas assets

0.45%

0.68%

0.44%

0.35%

0.31%

0.34%

0.40%

0.51%

0.90%

Total

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

Asset value ranges of funds

2015

$1-
$50k

>$50-
$100k

>$100-
$200k

>$200-
$500k

>$500k
-$1m

>$1-
$2m

>$2-
$5m

>$5-
$10m

>$10m

Listed trusts

1.46%

2.03%

2.85%

3.94%

4.50%

4.68%

4.40%

4.01%

3.14%

Unlisted trusts

1.98%

3.78%

5.53%

6.21%

6.91%

8.17%

9.72%

11.91%

16.98%

Insurance policy

0.01%

0.02%

0.01%

0.02%

0.01%

0.03%

0.03%

0.03%

0.03%

Other managed investments

1.31%

2.02%

2.80%

4.01%

4.83%

5.23%

5.27%

5.40%

5.44%

Cash and term deposits

54.90%

50.94%

47.56%

33.42%

28.80%

27.26%

24.22%

20.57%

15.76%

Debt securities

0.08%

0.21%

0.27%

0.63%

1.01%

1.27%

1.51%

1.64%

1.94%

Loans

1.35%

1.71%

1.16%

0.62%

0.45%

0.45%

0.51%

0.77%

1.62%

Listed shares

22.30%

22.90%

24.23%

25.90%

28.46%

31.32%

32.71%

33.10%

30.47%

Unlisted shares

2.28%

2.16%

1.82%

0.93%

0.69%

0.73%

0.93%

1.23%

2.55%

Limited recourse borrowing arrangements

0.24%

0.72%

1.39%

7.14%

6.01%

2.91%

1.90%

2.19%

4.19%

Non-residential real property

0.86%

1.90%

3.56%

7.82%

9.49%

10.45%

11.72%

12.02%

10.33%

Residential real property

1.10%

2.02%

2.36%

5.39%

5.56%

4.18%

3.31%

2.51%

1.53%

Collectables and personal use assets

0.47%

0.46%

0.33%

0.12%

0.08%

0.06%

0.05%

0.04%

0.02%

Other assets

10.46%

7.65%

4.90%

2.97%

2.42%

2.38%

2.59%

2.97%

3.57%

Overseas shares

0.50%

0.48%

0.44%

0.39%

0.34%

0.38%

0.53%

0.83%

1.17%

Overseas non- residential real property

0.04%

0.08%

0.05%

0.02%

0.02%

0.01%

0.01%

0.02%

0.06%

Overseas residential real property

0.19%

0.30%

0.25%

0.09%

0.05%

0.03%

0.03%

0.01%

0.01%

Overseas managed investments

0.03%

0.04%

0.06%

0.06%

0.06%

0.08%

0.10%

0.18%

0.34%

Other overseas assets

0.43%

0.57%

0.45%

0.33%

0.31%

0.36%

0.45%

0.56%

0.83%

Total

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

Membership sizes table

This table contains an approximate distribution of the number of members in SMSFs as at the end of each financial year for the 2012 through to the 2015 years. These figures are based on SMSF annual return data.

The data was extracted on 12 July 2016.

Proportion of funds (%)

Number of members

2011–12

2012–13

2013–14

2014–15

1

22.8%

22.6%

22.6%

22.7%

2

68.8%

69.2%

69.5%

69.8%

3

4.1%

4.0%

3.8%

3.7%

4

4.3%

4.2%

4.1%

3.9%

Demographic table

This table contains estimates of the proportion of funds, members and assets located across the different states and territories of Australia.

'State' refers to the state or territory that the fund is administered, not necessarily where the members live.

These figures are estimates based on SMSF annual return data for the 2012 to 2015 financial years.

The data was extracted on 12 July 2016.

Funds

 State

2011–12

2012–13

2013–14

2014–15

ACT

1.8%

1.8%

1.9%

1.7%

NSW

31.8%

32.0%

32.5%

32.7%

NT

0.2%

0.2%

0.2%

0.2%

QLD

16.6%

16.4%

16.3%

16.6%

SA

7.1%

7.2%

7.1%

7.1%

TAS

1.4%

1.4%

1.4%

1.3%

VIC

30.6%

30.8%

30.6%

30.4%

WA

10.4%

10.3%

10.1%

9.9%

Members

 State

2011–12

2012–13

2013–14

2014–15

ACT

1.8%

1.8%

1.9%

1.7%

NSW

31.9%

32.0%

32.6%

32.8%

NT

0.2%

0.2%

0.2%

0.2%

QLD

16.6%

16.4%

16.3%

16.6%

SA

7.2%

7.2%

7.1%

7.1%

TAS

1.4%

1.4%

1.4%

1.3%

VIC

30.5%

30.7%

30.5%

30.4%

WA

10.4%

10.3%

10.1%

10.0%

Assets

 State

2011–12

2012–13

2013–14

2014–15

ACT

1.8%

1.8%

1.9%

1.8%

NSW

32.3%

32.6%

33.4%

34.3%

NT

0.2%

0.2%

0.2%

0.2%

QLD

16.4%

16.1%

15.7%

15.8%

SA

7.2%

7.3%

7.3%

7.2%

TAS

1.3%

1.3%

1.2%

1.2%

VIC

30.8%

31.1%

30.8%

30.3%

WA

10.1%

9.7%

9.5%

9.3%

Member demographic table – age ranges

This table contains an approximate age distribution of individuals who were members of SMSFs as at the end of June 2016. The data behind this table was extracted on 12 July 2016 and is an estimate based on Australian Business Register (ABR) data.

Member demographic table – age ranges

Age ranges

Male

Female

Total

<25

0.7%

0.7%

0.7%

25–34

3.9%

4.1%

4.0%

35–44

12.2%

13.5%

12.8%

45–49

10.0%

11.1%

10.5%

50–54

11.8%

12.7%

12.3%

55–59

13.5%

14.3%

13.9%

60–64

13.7%

14.4%

14.1%

65–69

14.3%

13.9%

14.2%

70–74

10.3%

8.8%

9.6%

75–84

8.4%

5.9%

7.2%

85+

1.1%

0.6%

0.9%

Unknown

0.0%

0.0%

0.0%

Total

100%

100%

100%

All ages

52.6%

47.4%

100%

Member demographic table – income ranges

This table contains an approximate distribution of the taxable income of individuals who were SMSF members as at the end of June 2016. The data was extracted on 12 July 2016 and is an estimate based on ABR data and the member’s most recently lodged personal tax return.

Member demographic table – income ranges

Income ranges

Male

Female

Total

$0–$20,000

18.5%

25.4%

21.8%

>$20,000–$40,000

16.2%

21.5%

18.7%

>$40,000–$60,000

11.4%

14.3%

12.8%

>$60,000–$80,000

11.1%

11.0%

11.1%

>$80,000–$100,000

8.6%

7.2%

7.9%

>$100,000–$150,000

12.2%

7.6%

10.0%

>$150,000–$200,000

7.4%

4.5%

6.0%

>$200,000–$500,000

8.3%

3.6%

6.1%

>$500,000

2.6%

0.8%

1.7%

Unknown

3.8%

4.1%

3.9%

Total

100%

100%

100%

Total asset range tables

These tables show an approximate distribution of SMSFs by asset size and of the assets held by SMSFs of different sizes as at the end of each financial year.

These figures are estimates based on SMSF annual return data for the 2012 to 2015 financial years.

The data was extracted on 12 July 2016.

Total asset range table – proportion of funds (%)

Asset ranges

2011–12

2012–13

2013–14

2014–15

$1–$50,000

7.5%

7.4%

6.7%

6.1%

>$50,000–$100,000

6.0%

5.5%

4.8%

4.1%

>$100,000–$200,000

11.6%

10.9%

10.0%

8.9%

>$200,000–$500,000

25.5%

24.8%

24.2%

23.7%

>$500,000–$1m

22.7%

22.8%

23.4%

24.2%

>$1m–$2m

16.3%

17.0%

17.9%

18.8%

>$2m–$5m

8.7%

9.6%

10.5%

11.4%

>$5m–$10m

1.5%

1.8%

2.1%

2.3%

>$10m

0.3%

0.4%

0.5%

0.5%

Total

100%

100%

100%

100%

Total asset range table – proportion of assets (%)

Asset ranges

2011–12

2012–13

2013–14

2014–15

$1–$50,000

0.2%

0.1%

0.1%

0.1%

>$50,000–$100,000

0.5%

0.4%

0.3%

0.3%

>$100,000–$200,000

1.9%

1.7%

1.4%

1.2%

>$200,000–$500,000

9.6%

8.7%

8.0%

7.4%

>$500,000–$1m

18.0%

16.9%

16.1%

15.7%

>$1m–$2m

25.1%

24.6%

24.0%

23.8%

>$2m–$5m

28.4%

29.4%

29.9%

30.5%

>$5m–$10m

10.9%

12.0%

13.1%

13.5%

>$10m

5.5%

6.1%

7.0%

7.6%

Total

100%

100%

100%

100%

Average and median assets table ($)

This table approximates the average and median assets per SMSF member and per SMSF at the end of each financial year.

These figures are estimates based on SMSF annual return data for the 2012 to 2015 financial years.

The data was extracted on 12 July 2016.

Average and median assets table ($)

 Asset values

2011–12

2012–13

2013–14

2014–15

Average assets per member

475,698

510,136

551,217

589,636

Median assets per member

275,313

299,407

325,542

354,882

Average assets per SMSF

902,917

968,139

1,043,812

1,111,732

Median assets per SMSF

493,348

535,274

581,710

631,077

Flow of funds table ($m)

This table shows estimates of the total amount of ‘flows’ into and out of SMSFs during each financial year. It contains totals relating to the following:

  • contributions – member and employer
  • transfers – inward and outward
  • benefits payments
  • total expenses.

The 'total expenses' referred to in this table include deductible and non-deductible expenses reported at the following SMSF annual return labels:

  • interest expenses within Australia
  • interest expenses overseas
  • insurance premiums – members
  • SMSF auditor fee
  • investment expenses
  • management and administration expenses
  • forestry managed investment scheme expense
  • other amounts.

Prior SMSF statistical reports referred to these as 'operating expenses'. We now refer to them as 'total expenses' with the same expense items used. In future editions of this report, we will provide a further breakdown of total expenses into 'investment expenses' and 'administration and operating expenses'.

These figures are estimates based on SMSF annual return data for the 2012 to 2015 financial years.

The data was extracted on 12 July 2016.

Flow of funds table ($m)

 

Contributions ($m)

Transfers ($m)

Benefit payments ($m)

Total expenses ($m)

Member contributions

Employer contributions

Inward transfers

Outward transfers

2011–12

19,168

7,500

16,051

3,794

22,656

2,713

2012–13

18,057

5,460

16,648

4,285

25,678

4,790

2013–14

19,891

6,068

15,364

5,136

29,898

5,539

2014–15

25,920

6,930

15,561

5,694

34,986

6,286

QC50773