--- title: ATO SMSF statistics description: Self-Managed Superannuation Funds (SMSF) make up a large portion of the superannuation and investor market here in Australia. image: https://www.cutcher.com.au/hubfs/Cutcher%20Website%202020/Image%20Assets/pexels-photo-346301.jpeg --- # ATO SMSF statistics ![](https://www.cutcher.com.au/hubfs/Cutcher%20Website%202020/Image%20Assets/pexels-photo-346301.jpeg) Written by **Cutcher & Neale Accounting and Financial Services** Published on **16 March 2022** Updated on **08 April 2022** Time to read ** minutes** [✉](mailto:your@email.com?subject=Cutcher%20Insights&body=https://www.cutcher.com.au/insights-and-news/ato-smsf-statistics) [in](https://www.linkedin.com/shareArticle?mini=true&url=https://www.cutcher.com.au/insights-and-news/ato-smsf-statistics) [X](https://twitter.com/intent/tweet?url=https://www.cutcher.com.au/insights-and-news/ato-smsf-statistics) [f](https://www.facebook.com/sharer/sharer.php?u=https://www.cutcher.com.au/insights-and-news/ato-smsf-statistics) Self-managed superannuation funds (SMSF) make up a large portion of the superannuation and investor market here in Australia. We reviewed the most recent ATO statistics to drill into this ever-growing industry. **How many self-managed superannuation funds are there?** - According to the most recent ATO statistics released for the December quarter, the total number of SMSFs was 601,906! - Of these 601,906 funds, there are over 1.1 million members with $876 billion assets! - Whilst SMSFs can have 4 (and now up to 6) members, according to data extracted in July 2021, only 7% of funds had more than 2 members **Who are these members?** - According to ATO statistics from June 2021, 65.5% of members are over age 55 - Over 70% of members have an annual taxable income of less than $100,000. Keep in mind that this income level does not include account-based pensions of anyone over age 60, which would likely make up a huge portion of the over age 55 membership base - 8% are male & 47.2% are female **What do they invest in?** According to ATO data from January 2022, of all the money invested through SMSFs: - 29% is invested in listed shares - 18% is invested in cash & term deposits - 17% is invested in property **Who is setting up SMSFs?** All of the above information was for the SMSF industry as a whole, but are these demographics changing? - Out of the new funds established in the December quarter, 37% of new members are aged 35 to 44, compared to the overall 11% of current members in this age group - 7% of new members were male and 43.3% were female (quite similar to the overall statistics) - Taxable income for new members was very broad, 39.7% of new members had a taxable income of over $100,000 and 39.2% with a taxable income of between $40,000 & $80,000 If you require any assistance please reach out to the C&N team. 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