subscribe to our newsletter

Total SMSF members approaches one million mark

Katarina Taurian
03 September 2013 — 1 minute read

Latest figures from the Australian Taxation Office (ATO) indicate the total number of SMSF members is now 963,852.

This represents an increase of over 64,000 since June 2012 and 10,039 since the last quarter, according to the ATO’s Self-Managed Super Fund Statistics Report for June 2013.

The total number of fund establishments has continued its steady decrease, standing at 6,031 in the June quarter compared with 11,648 at the same time last year.


However, these figures may be updated and increased in the next quarter. Aaron Dunn, managing director of the SMSF Academy, previously told SMSF Adviser’s sister publication Investor Daily there is a 60-day timeframe within which a new SMSF will become regulated by the ATO.

As a result, figures are often updated significantly following initial publication. For example, the number of establishments for the March 2013 quarter was originally cited at 5,840; however, it has since been updated to 8,398.

In addition, the total number of wind-ups has significantly decreased since this time last year, now at 398 from 4,480, according to the data.

Total SMSF members approaches one million mark
smsf logo
smsfadviser logo

Are you up to date with the legislative changes from 1 July? Contribution cap increases, super guarantees, age increases, SG rate increases. The budget announcement changes. Don’t be caught off guard by your clients’ questions. Prepare for any scenario with the SMSF Foundations course. 21 CPD hours available. Learn more

join the discussion

Latest poll

Do you have clients that are aged 65 or 66 planning to trigger the bring forward rules?


Get the latest news and opinions delivered to your inbox each morning

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.