ATO statistics show 12 per cent jump in SMSF assets

The total value of SMSF assets has climbed to $892 billion during the 12 months to March, according to the latest ATO statistics.

 

The ATO’s SMSF Quarterly Statistical Report indicates there were 605,469 SMSFs at the end of March — an increase of 17,631 funds since March in 2021.

Total members of SMSFs jumped from 1,102,313 members in March last year up to 1,135,026 in March this year.

Total Australian and overseas SMSF assets increased $95.96 billion up to $892.04 billion over the 12 months to the end of March 2022.

 

The top asset types held by SMSFs in terms of value continue to be listed shares, which account for 28 per cent of total estimated SMSF assets and cash and term deposits at 17 per cent.

SMSFs slightly reduced their allocation to cash in the 12 months to March, however, with the total assets held in cash dropping from $149.29 billion down to $146.96. Assets in listed shares increased 12.6 per cent to $245.26 billion.

Over the past five years, the amount SMSFs have invested in overseas shares has seen a significant jump, with the asset class doubling in total value.

Collectables have also seen a sizeable jump over a longer five year period, increasing from $355 million back in March 2017 up to $525 million in March this year.

 

 

 

Miranda Brownlee
17 June 2022
smsfadviser.com

More Articles

Complex rules of small business CGT concessions can present challenges

The complex rules around small business capital gains tax concessions can eliminate tax on a business sale and...

Read full article

IGR predicts drawdowns will be major source of retirement income

Drawdowns from superannuation are projected to increase to almost six per cent of gross domestic product (GDP...

Read full article

Retirees hardest hit by inflation

Retirees are being hit harder by rising prices than the general population, with the costs that dominate their...

Read full article

The retirement gap we don’t talk about

Retirement confidence isn’t just about your nest egg, it’s about your plan.   Retirement...

Read full article

The three phases of retirement: Key decisions at every stage

Retirement starts long before your last day at work.   Retirement starts long before your last day at...

Read full article

Children as SMSF dependents very complex

The definition of children as dependants under superannuation law is not straightforward when dealing with...

Read full article

Two Cautionary Tales About Resources Important to Anyone Using a Domain Name or Website

This warning is new, but the reason for forgetting to renew a domain name isn’t.   1. Not renewing...

Read full article

Check out the smartest species on earth: Data from 200M BC to 2026

Check out the evolution of animal intelligence from the Jurassic Period (~200 million years ago) to 2026...

Read full article

Heathmont Financial Services Pty Ltd (ABN 68 106 250 104) trading as Heathmont Financial Services is a Corporate Authorised Representative (No. 262098) of Knox Wealth Management Pty Ltd (ABN 74 630 256 227), Australian Financial Services Licence Number (AFSL) 513763.

Julian McGoldrick is an Authorised Representative (No. 262098) of Knox Wealth Management Pty Ltd AFSL 513763.

Financial Services Guide - Disclaimer & Privacy Policy

^