The SMSF industry today
ATO / SMSF

The SMSF industry today

Much is being said about the changing dynamics of the SMSF industry. In a recent speech by the Assistant Commissioner, SMSF Segment, Matthew Bambrick, he shared some interesting insights into the growth and ongoing change of the SMSF sector.  I’ve decided to share some of these insights in the infographic below: Continue reading »

10 big things from the ATO SMSF statistics
ATO / SMSF / Statistics

10 big things from the ATO SMSF statistics

The annual statistical overview of the SMSF sector each year paints an interesting picture of the dynamics of an ever-growing industry.  In December 2014, the Australian Taxation Office (ATO) published the 2012-13 statistical report.  I have outlined below 10 interesting SMSF statistics from the report that shed important light about both trustees and professionals within the … Continue reading »

INFOGRAPHIC: The latest stats show no stopping SMSFs
ATO / SMSF / Statistics

INFOGRAPHIC: The latest stats show no stopping SMSFs

We’ve seen this week the release of the June 2013 SMSF statistics from the Australian Taxation Office (ATO). I’m a ‘visual’ person when it comes to statistics, so I’ve put together an infographic that outlines some of the headline numbers and trends with the self-managed super fund sector’s continued growth. Continue reading »

Decline in SMSF growth?  I don’t think so…
ATO / SMSF / SMSF Compliance / Statistics

Decline in SMSF growth? I don’t think so…

It has been interesting reading over the past couple of days about the headline of the ATO March 2013 statistics focusing on a sharp decline in new establishments rather than the milestone of more than 500,000 SMSFs now in operation in Australia. Whilst opportunistic to report on newly released statistics, there is a traditional time-lag … Continue reading »

What to take from the latest ATO SMSF statistics
ATO / Professionals / SMSF / SMSF Compliance / Statistics / Trustee education

What to take from the latest ATO SMSF statistics

Last week saw the release the ATO’s SMSF quarterly statistics (September 2012) which again showed strong growth in fund establishments.  A further 8,183 new funds were setup in the first quarter of 2012-13 financial year, taking the number of SMSFs to 488,576.  Total assets grew to more than $458 billion, which now shows the average … Continue reading »

ATO / Contributions / Professionals / SMSF / SMSF Compliance

INFOGRAPHIC: Latest ATO Excess Contributions Tax statistics

The ATO has recently updated its website with the latest statistics regarding excess contributions tax (ECT), which continues to show individuals predominantly getting caught with their concessional contribution (i.e. salary sacrifice arrangements).  After a 314% increase in ECT notices in 2009-10, there has been a reduction again in 2010-11 to date, however it is significantly … Continue reading »

ATO / Professionals / SMSF / SMSF Compliance / Statistics

INFOGRAPHIC: ATO releases SMSF statistics for June 2012

The ATO has published the June 2012 quarterly statistics on the self managed super fund market, with figures showing further growth in the sector with 7,197 new fund established for the quarter, taking the total number of SMSFs to 478,263.   The average fund balance has grown to $917,895, with $439 billion of assets, the … Continue reading »

Professionals / SMSF / Statistics / Trustee education

Infographic of March 2012 SMSF statistics

The Australian Taxation Office publishes a quarterly statistical report of Self Managed Super Funds.  The March quarter again showed strong signs of growth, with an additional 7,152 new establishments, taking the total establishments to 35,868 for the last 12 months.  This growth was coupled with positive share market data, which improved the total fund assets … Continue reading »

SMSF

Latest SMSF statistical report highlights growth but also the need to greater reform

As we progress (albeit slowly) towards industry reforms with the superannuation sector, it is somewhat timely that the Australian Taxation Office has released their latest statistical overview of the SMSF industry, providing details of the 2009-10 financial year.  This statistical report now in its third year of data was first published as part of the Super … Continue reading »

ATO / SMSF / SMSF Compliance / Statistics / Trustee education

Has the Government stemmed the flow of SMSFs?

The latest quarterly SMSF statistics released by the Australian Taxation Office for the December 2011 quarter show some slowing in the growth of the self managed super fund market.  The question must be asked: is this a result of SMSFs reaching saturation point; or is it a result of the lack of Government direction and … Continue reading »