The size of the SMSF sector has continued to increase with the total number of funds passing 653,000, comprised of 1.2 million members holding total assets of $1.05 trillion, according to the latest quarterly statistics released by the ATO.
The regulator’s “Self-managed super funds: quarterly statistical report June 2025” stated, at 30 June 2025, there were 653,062 SMSFs servicing 1,203,127 members, with 11,000 new funds established and 1129 funds wound up resulting in net growth of 9871 funds for the June quarter.
The figures are based on SMSF annual returns and the ATO noted a key limitation with this data set is they are only lodged annually and many are still due some months after the end of the financial year.
As such, the wind-up figures are likely to be higher for the June quarter and outnumber establishments as has been the case in previous years.
In terms of member demographics, the report stated 53 per cent of SMSF members are male and 47 per cent are female, with 85 per cent being 45years or older.
However, the SMSF Association flagged a continue shift in demographics toward a larger cohort of younger setting up these types of retirement savings vehicles.
“While most SMSF members are still aged 50 and above, individuals in the 35 to 44 age group made up 37 per cent of new entries in the June quarter, while only representing 12 per cent of the total SMSF membership,” the industry body noted.
“Conversely, older age groups, that is 60 and above, are joining at much lower rates – less than 10 per cent in the June 2025 quarter – compared to their overall presence in the SMSF membership, over 50 per cent at June 2025.”
The ATO also provided updated figures for assets held within the SMSF sector, with average assets per member at 30 June 2024 being $881,000 and the average assets per fund sitting at $1.6 million.
Member contributions into SMSFs for the 2024 financial year were $19.9 billion, which was three times larger than employer contributions for the same year coming in at $6.3 billion.
