SMSF Association review of the Australian Taxation Office’s SMSF Statistical Overview 2016-2017 HomepageTrusteesSMSF Association review of the Australian Taxation Office’s SMSF Statistical Overview 2016-2017 Back to Resource Library 24 July 2019 The SMSF Association has released their review of the Australian Taxation Office’s 2016-17 statistical overview of SMSFs. It reveals a sector that has not only performed well but provides a positive outlook for its future growth and strong performance. So what are the key takeaways for SMSFs? The average SMSF establishment size rose to $521,000 compared with the relatively stable levels of $370,000 in the previous four years – a 38% increase. SMSFs made an average return of 10.2% compared with the 9.1% return for APRA-regulated funds. SMSF expenses fell eight basis points, largely attributable to increased use of technology and software in fund administration. Total contributions to SMSFs were $41.8 billion up from $31.6 billion and an increase of 32% over 2016. SMSF benefit payments increased by 31% from $35 billion to $46 billion. Of SMSFs established in the 10 years prior to 30 June 2017, 88% were still in existence at that date. The average age brackets of members who are establishing SMSFs is clearly skewed to younger demographics. Please click here to view the full report.