Overview of the ATO SMSF Statistics Report

Ato SMSF Statistics

If you have a self managed super fund then it should interest you to know about the regularly published reports done by the Australian taxation office, otherwise referred to as the ATO. The ATO SMSF statistics are published on a quarterly basis that reflects all the different changes that are going on in the industry to keep SMSF members up to date. It includes all the details of the established funds that have been produced during the financial year. It also includes an estimate of how many assets are held by the SMSF as well as what kind of assets. While the ATO SMSF statistics cover a wide range of information, they mainly focus on things such as how much the SMSF population has grown, demographics on this population such as the flow of funds and membership sizes as well as SMSF quarterly establishments. If you want to know more about ATO SMSF statistics then keep reading below.

The first part of the Australian taxation offices report on SMSF includes the population of SMSFs and its members and asset allocation. The SMSF population table coveres all the SMSFs that were established in that financial year. The total number of self managed super funds is counted and compared to the number of the previous year. The asset allocation statistics cover an estimated amount of assets that are held by SMSFs which have been listed on the annual return. It also covers an estimated amount of borrowings and any other liabilities, as well as any overseas assets that are held by SMSFs. In order to keep on top of the numbers, the Australian taxation office goes over these numbers each financial year.

The ATO also does SMSF population analysis tables which include asset allocation, membership sizes, demographics, member demographics, total asset ranges, average and median size assets and flow of funds. Asset allocation covers the distribution of assets help by all SMSFs. Membership size counts the distribution and approximate amount of members at the end of a financial year. The demographic table covers the estimate of funds, members, and assets located in all the different states and territories. The member demographic contains the approximate estimate of age from all individuals who are and were SMSF members during that financial year. Total asset range includes the size of the average SMSF in terms of total assets during one financial year. The table calculates average and median assets counts per SMSF member as well as per SMSF over the course of the financial year. Lastly, the flow of funds takes into account things such as member and employee contributions, inward and outward transfers, benefit payments and operating expenses.

The final part of the report is the SMSF quarterly establishment tables which go over state break up of SMSF, the age of new members, and income range of newer members. The demographics of the quarterly establishment goes over the proportion of funds which are located in all the different states and territories. The next table contains the age distribution of each individual member of an SMSF during that year. Last but not least is the table which contains an estimate of all the taxable income of each member of an SMSF. Hopefully, after reading this you know the full depth of the report that the ATO does on SMSF.