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SMSF retirement assets to hit $562bn

Reporter
14 November 2013 — 1 minute read

SMSF retirement phase assets in Australia are projected to account for 61.5 per cent of retirement income assets, according to research from DEXX&R.

By 2023, SMSF retirement phase assets are projected to account for $562 billion of Australia’s $914 billion in retirement income assets, according to the DEXX&R Market Projections Report.

As at June 2013, $296 billion of Australia’s total $506 billion held in SMSFs is in the retirement phase, according to DEXX&R.

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This expected asset growth will increase the demand for fixed income investments which protect against inflation, DEXX&R stated.

The research also found that the total financial services market is projected to grow at an average annual rate of 7.5 per cent to $3,475 billion in the next 10 years.

The total superannuation market, excluding assets held in SMSF retirement income, is also expected to grow at an average rate of 8 per cent to $2,763 billion by June 2023.

SMSF retirement assets to hit $562bn
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