SMSF Statistics To December 2024
ASIC recently released its SMSF statistics to December 2024. While it is a quarterly update, past quarters are also updated due to the lag time in processing SMSF funds.
We have updated our SMSF Data Dashboards - Members Have Full Access to 14 dashboards, some including data based on the number of advisers.
The free limited free version updated on March 13, 2025.
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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 while the SMSF sector has surpassed $1 trillion in assets over the last two quarters this figure is the gross assets After subtracting borrowings and other liabilities, current net assets total $981 Bil, slightly down on the September quarter which was at $988 Bil. Our focus is on net assets.
Key points and dashboard number shown below: Note - Not all dashboards available in Free Version
D1, D2 - The SMSF opportunity is slowing for existing advisers. This is due to the number of advisers which has steadied over recent times and growth of SMSFs and Assets have also slowed.
For this quarter there is potentially a total of 41.26 SMSFs per adviser compared to 40.61 last quarter. Back in Q4 2022 it was 37.77 and Q4 2018 it was only 20.40.
In terms of assets, there is a potential of $63.40 Mil per advisers, slightly down from $63.75 Mil of last quarter of $62.43 million. Back in Q4, 2018 it was only $22.25 million.
D3 - The rate of SMSF establishments still strong -In this quarter, 8,944 SMSFs were established. Q4 last year (2023) it was 7,462. Quarterly rates, especially ‘windups’ are cyclical and the full windups for have not yet been fully reported.
D4 - Total Net Assets drop slightly - Now at $981 Bil, down slightly from $985 Bil in the Sep quarter.
D4 Average balance per SMSF and by member drop slightly from record highs - The average SMSF is at $1,536,625 down from $1,564,253.
At the member level the average has dropped to $828,345, down from $842,238 per member. (Note that medians are much lower than averages see D6 for details).
New establishments for the quarter by gender - Male at 54.5%
Quarterly establishments by personal income and gender - Males earning between $100 and $150k at 28% being the largest group followed by females in same income rage at 21%.
D14 - Fund and Assets By States - NSW's share of new SMSFs was again high at 37.8% up from the usual 32.8% shown annually for 2022-23. This increase came mostly at the expense of VIC, which fell to 27.1%.
Note: dashboards include historical data
Total Net Assets and Averages Per SMSF and Per Member
You may also find the latest APRA Super Fund Statistics By Fund Type - Click Here - Dashboards For Members have been updated.
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.
