URL has been copied successfully!
Data from the Australian Taxation Office (ATO) shows a record number of Australians are opening self-managed superannuation funds (SMSFs), as total assets in the sector surpass $1 trillion.
In the year ending June 2026, 52,020 new SMSFs were recorded, up from 42,336 the year before and more than double the 25,879 recorded in 2021.
At the same time, the number of SMSFs being wound up has fallen sharply.
Only 5,011 exits were reported in the year to June 2026, a decline from 15,149 exits the year before and 19,298 exits in 2021.
Australia now has 680,301 SMSFs, while those aged 35 to 44 make up the largest age group among new SMSF members.
An SMSF is a private superannuation fund managed by its members rather than by a large super fund, although many members still seek the services of accountants or advisers. …
In the year ending June 2026, 52,020 new SMSFs were recorded, up from 42,336 the year before and more than double the 25,879 recorded in 2021.
At the same time, the number of SMSFs being wound up has fallen sharply.
Only 5,011 exits were reported in the year to June 2026, a decline from 15,149 exits the year before and 19,298 exits in 2021.
Australia now has 680,301 SMSFs, while those aged 35 to 44 make up the largest age group among new SMSF members.
An SMSF is a private superannuation fund managed by its members rather than by a large super fund, although many members still seek the services of accountants or advisers. …
Please follow us:
