The ATO has released recent figures, showing some interesting statistics from Self Managed Superfund in existance as at June 2014.
Some of the most interesting being:
- The total number of SMSF's continue to rise, totalling 529,396, an increase of 11.72% a few years back.
- Listed shares is the largest portion, totalling $1,760 million, but cash is close behind at $1,560 million.
- Only 0.4% of funds have over $10 million.
- All the talk of SMSF's being for the older generation, 41.7% of funds setup, were of people aged 44 or younger!
Some great reading can be found at