SMSF sector continues to grow

by

Ed.

From www.smsfadviser.com: The average balance in a self-managed super fund (SMSF) has increased by over 20% according to the latest ATO statistics, with assets per member rising to $835,000.

The number of SMSFs grew by 11% to 625,609, while total assets increased by 39%.

Additionally, SMSF contributions saw a significant rise of 45%, reaching $24.4 billion.

See: Self managed super funds: A statistical overview 2022-23 | Australian Taxation Office

Filed under: Superannuation

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