SMSF Statistics To March 2025
ASIC recently released its SMSF statistics for March 2025. This quarterly update also revises past data due to delays in processing SMSF funds.
The March 2025 quarter shows a continued rise in new establishments, reaching 9,956—its highest for this quarter and 1,754 above last year’s record of 8,202. Net establishments remain strong. However, SMSF 'windups' usually happen in the June quarter and are reported later.
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We have added our analysis to the adviser population data and provided a breakdown of the latest SMSF data. The dashboards are mostly interactive, enabling users to conduct their own analysis.
It's important to note, that the SMSF sector often reports assets surpassing $1 trillion over the last three quarters, this figure is for gross assets. After subtracting borrowings and other liabilities, current net assets is now at $968.7 Bil, falling from $975.8 in Dec 2024 and the record of $979.5 in the Sep 2024 quarter. Year-on-year, it is greater than the March 2024 quarter which was at $943.5 Bil.
The slight reduction in total net assets may be surprising given the growth in SMSF funds. It is likely due to the markets. For example, the ASX was above 8,000 points at end of Sep and Dec 2024 and at 7,843 for March 31, 2025.
Key points and dashboard number shown below: Note - Not all dashboards available in Free Version
D1, D2 - The SMSF opportunity is still growing for existing advisers. The growth opportunity has slowed and is mostly due to the number of advisers stabilising over recent times
For this quarter there is potentially a total of 41.55 SMSFs per adviser compared to 39.66 in March 2024. In March 2019 it was only 21.24.
In terms of assets, there is a potential of $62.29 Mil per adviser, above $60,57 for March 2024. Back in March 2019 it was only $23.78 million.
D3 - The rate of SMSF establishments still strong -In this quarter 9,956 SMSFs were established, a new record for a March quarter. In March 2024 it was 8,202 and in 2023 it was 6,624. The number of windups is only at 297. However, windups tend to occur in the June quarter and lag in the reporting
D4 - Total Net Assets drop slightly - Now at $968.7 Bil, down slightly from the previous two quarters as mentioned earlier.
D4 Average balance per SMSF and by member drop slightly from record highs - The average SMSF is at $1,499,082 down from the last quarter which was at $1,533,031. The peak was in the Sep quarter of 2024 at $1,561,397.
At the member level the average has dropped to $809,041, down from $826,365 from last quarter and the record of $840,632 of Sep 2024. (Note that medians are much lower than averages see D6 for details).
D10 New establishments for the quarter by gender - Male at 55.1%
D11 Quarterly establishments by personal income and gender - Males earning between $100 and $150k at 27.6% being the largest group followed by females in same income rage at 21.2%.
D14 - Fund and Assets By States - NSW's share of new SMSFs was again high at 36.9% up from the usual 32.8% shown annually for 2022-23. This increase came mostly at the expense of VIC, which fell to 27.9%.
Note: dashboards include historical data
Total SMSFs, Members and Number of Advisers.
You may also find the latest APRA Super Fund Statistics By Fund Type - Click Here -
The Full Suite of SMSF Funds Data and Analysis Dashboards are available at the Members Lounge And includes our latest data for APRA based Funds.
