Typical ‘Self Managed Superfund’ Profile
Typical self managed superfund profile
The latest ATO statistics on SMSFs highlight some interesting observations that can be made about the current batch of SMSF trustees.
The total amount of wealth owned via SMSFs is over $500 billion, just under a third (31.2%) of all money invested via superannuation funds.
- Nearly one quarter (22.3%) of all SMSFs have $200,000 or less in assets
- Another quarter (25.6%) of all SMSFs have between $200,000 and $500,000 in fund assets
- Just under a quarter (23.4%) of SMSFs hold between $500,000 and $1 million in assets.
- The remaining quarter-plus (27.7%) have more than $1 million in fund assets
Well over half (58.2%) of SMSF trustees are aged over 55, but just under a quarter (24.5%) of new SMSF trustees are over the age of 55, which obviously means that nearly three-quarters of new SMSF trustees under the age of 55.
Typically, if you’re over 55 and live in New South Wales or Victoria, then you’re more likely than any other Australians to run a SMSF.
Two-thirds (66.5%) of SMSF trustees have a taxable income of less than $80,000 a year.
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