The ATO has issued Self Managed Superannuation Funds: A Statistical Overview 2011-12.

  • The ATO reported that as at 30 June 2013, there were 509,000 SMSFs holding $506bn in assets.
  • There were also approximately 964,000 members in the SMSF sector, almost 8% of roughly 11.6m members in Australian super funds.
  • The ATO said the number of SMSFs has increased by 27% in 5 years.
  • The SMSF sector remained the largest sector of the Australian super industry, with 99% of the number of funds and 31% of the id=”mce_marker”.6 trillion total super assets as at 30 June 2013.
  • The ATO also reported that at 30 June 2012, SMSFs held $6.3bn in borrowings and $3.5bn in other liabilities. The level of borrowings is equivalent to 1.4% of total SMSF assets.
  • The proportion of SMSFs with borrowings increased progressively to 3.7% in 2012.
  • Further, the ATO said SMSFs with borrowings were more likely to hold non-residential and residential real property, assets held under limited recourse borrowing arrangements and other assets, compared to the total SMSF population.
  • The ATO also noted that over the 5 years to 2011-12 contributions to the SMSF sector averaged $26.3bn a year, with member contributions exceeding employer contributions by approximately 2 to 1.

The ATO said the next publication will be based on data for the 2012-13 financial year and is anticipated to be released in December 2014.

Source: ATO media release 2013/41, 18 December 2013

[LTN 244, 18/12/13]


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