The latest self-managed superannuation funds (SMSFs) statistical report is updated to December 2011. It includes the information on the SMSF population, asset allocation and quarterly establishment rates.
-In December 2011, there were 458,561 SMSFs in Australia.
-On average, there are about 30,000 new SMSF established every year – 80 new SMSFs set up every day!
-The largest number of new SMSFs were established in New South Wales ( about 34%) and Victoria (about 31%).
– Most members of SMSF aged from 45 to 64 (about 60%)
– 50% of SMSFs have total assets from $200k to $1m. Interestingly, there are more 12% of SMSFs with assets less than 100k