How many SMSFs in Australia?

Based on ATO’s recent Self-managed super fund quarterly statistical report – June 2019,  the latest statistics on the self-managed super fund (SMSF) sector includs:

• there are 599,678 SMSFs
• there are 1,125,201 members of SMSFs
• the total estimated assets of SMSFs are $748 billion
• the top asset types held by SMSFs (by value) are:
  • listed shares (31% of total estimated SMSF assets)
  • cash and term deposits (21%)
• the average assets per SMSF were $1.3 million
• the average assets per SMSF member were $679,000

The below table shows the SMSF historical data from 2014 to 2019 financial year.