Folkestone’s Latest Blog – SMF’s Influencing Australia’s $2 Trillion Superannuation

SMSF’s – Significantly Influencing Australia’s $2 Trillion Superannuation

Australians are increasingly turning to Self-Managed Super Funds (SMSF’s) to grow their wealth and prepare for ‘life after work’. Since 2010, the number of new SMSF’s has grown by more than 6% pa, and has quickly become a heavy weight contributor to the $2 trillion superannuation industry.

Popularity Of SMSF’s On The Increase

According to the ATO‘s most recent report on SMSF’s, between 30 June 2010 and 30 June 2015, the number of SMSF’s grew from 414,168 to 556,998. This rise in SMSF’s has allowed a major milestone to be reached for 2015, with more than 1 million Australians using SMSF’s as a wealth creation tool for their retirement.

SMSF assets are up a staggering 66 per cent, to $590 billion in the past six years. Over the same period, the average assets of an SMSF grew by 24 per cent to $1.1 million, while the average assets held per member increased by 24.7 per cent to $562,000.

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Best of the Web – Superannuation

Our Best of the Web puts you in touch with interesting papers and presentations on real estate investing that we have found on the web.

Please see the link below for interesting facts and information on Superannuation.

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