Self Managed Superannuation growth highest in five years

According to the latest ATO update, the number of new Self ManagedSuperannuation made for the 2011/12 year was 36,270, and it is the most astounding in five years and the the second highest ever.
The number of windups for the same period was 994, the least ever by practically 4,000.

This makes the net development of SMSFs in 2011/2012 almost 3,000 for each month and affirms the expanding prevalence of this sort of superannuation plan.

The aggregate number of stores as at Sept 2012 was 488,576 holding 932,198 members.

The average number of members per fund has adjusted small in the course of the final eight years at simply under two.

Just 1% of parts are less than 25 years of age with about 16% of trust parts being less than 45.
The most extensive demographic is the 55 to 64 age assembly (33.4%), while generally speaking ladies contain 47.4% of parts.

From June 2008 to June 2012 fund possessions expanded by 43% to $458,451 million, and as at June 2011 the normal store equalize was $963,002 - with the median balance of $539,486 indicating some greatly vast finances.

Interestingly, from June 2008 to September 2012 non-private transaction rose from 9.5% to 11.6%, while private financing just expanded from 3.3% to 3.5% of trust possessions.