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SMSF assets continue to climb in September quarter

SMSF assets continue to climb in September quarter
Reporter
30 November 2021 — 1 minute read

The total assets held by SMSFs has jumped 23 per cent in the 12 months to the end of September, according to the latest ATO statistics.

The ATO’s SMSF Quarterly Statistical Report for September 2021 indicates that the total amount of Australian and overseas assets in SMSFs had reached $860.5 billion at the end of the September quarter.

This represents a 23.2 per cent or $161.8 billion increase from the September quarter last year when total SMSF assets had dipped in value.

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Listed shares and cash and term deposits continue to be the biggest asset classes held by SMSFs, accounting for 28 per cent and 17 per cent of total estimated SMSF assets, respectively.

Based on the statistics, there are now 598,452 SMSFs and 1,123,949 members of SMSFs, a slight increase from the June quarter.

The majority of SMSF members continue to be over the age of 45, with 86 per cent of SMSF members 45 years or older. Fifty-three per cent of SMSF members are male, and 47 per cent are female.

SMSF assets continue to climb in September quarter
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