According to the ATO’s latest data, you are not alone in taking direct control over your super via an SMSF. In fact, SMSF setups continue upward and there are now 616,400 SMSFs in Australia, with more than 1.1 million members. The total estimated assets of these SMSFs are $932.9 billion with shares (29% of the total) and cash/term deposits (16%) being the most popular assets. SMSFs typically have two members in using a corporate trustee structure, with more women getting on board. Interested to know more? See all the ATO stats here for yourself, or if reading pure stats is not your thing, this SuperGuide article summarises more key findings.
