SMSF assets see 6 per cent drop from peak in March
Total SMSF assets have saw a six per cent decrease in the six months to the end of September, according to the latest ATO statistics.
Based on the ATO’s SMSF Quarterly Statistical Report for the September quarter, total Australian and overseas assets dropped by $59.5 billion from the end of March 2022 down to $865.2 billion at the end of September.
This also represents a slight drop in total SMSF assets from the June quarter when the value of total SMSF assets was $878.4 billion.
The total number of SMSFs has now climbed to 603,449 while the total number of members is now 1,127,384.
SMSF establishments were down by almost 25 per cent compared with the same quarter last year, falling from 8345 establishments down to 6,267 in the September quarter this year.
Shares, cash and term deposits, property and listed and unlisted trusts continue to make up the largest asset classes held by SMSFs. All of these assets have seen a decline in the past six months.