ATO SMSF statistical overview 2018-19: growth in new SMSFs slowing

The ATO has released its annual Self-Managed Super Funds: statistical overview 2018-19 which is based on data from SMSF annual returns. There were over 593,000 SMSFs holding $733bn in total assets as at 30 June 2020, with more than 1.107m SMSF members. SMSFs had assets of over $1.3m each on average in 2018-19 (up 5 per cent from the previous year). An average of 26,000 new funds were established annually but there has been a declining trend from 33,000 establishments in 2015-16 to 21,000 in 2019-20.