Print this     

Date of article: 23 December 2009
Last updated: 23 December 2009

Super System Review - Statistical Summary of SMSF

The Superannuation System Review has release a paper titled “A Statistical Summary of Self-Managed Super Funds”. The paper provides a collection of interesting statistical data and broad overview of the SMSF sector, including topics such as investment performance, operating expenses and compliance issues.

Some interesting data extracted from the report:

  • As at 30 June 2009, there were around 410,000 SMSFs and 772,000 members, which comprises about 7 per cent of the roughly 11.6 million members in Australian superannuation.
  • The SMSF sector overtook the retail sector in terms of asset-size in 2009, and is now the largest sector based on asset-size in the superannuation industry. The SMSF sector increased from $132 billion to $332 billion in the five years to 30 June 2009
  • The Australian Taxation Office estimates that in 2006, 2007 and 2008, the return on assets for the SMSF sector was 12.6 per cent, 16.9 per cent and -6.1 per cent, respectively. This is compared to 12.2 per cent, 13.3 per cent and -7.8 per cent, respectively, for whole industry APRA regulated funds with more than 4 members.
  • As for investment mix, the data shows that more than half were held directly in two asset classes, Australian listed shares (32.4 per cent) and cash and term deposits (26.4 per cent). Direct real property accounted for 12.5 per cent.
  • 22.3 per cent was held in indirect investments (listed trusts 7.7 per cent, unlisted trusts 8.7 per cent and other managed investments 5.8 per cent).
  • In terms of investment tendencies, SMSF with small balances tend to have their assets in cash and listed shares. The report also suggested that as SMSF asset size increases, investments are typically diversified into real property and managed funds, though average allocation to cash and listed shares remains.
  • The average operating expenses ratio of SMSF sector assets for 2008 financial year was 0.69 per cent.

Download the full report from the Super System Review website (external website).