SMSF membership continues to grow despite 40 per cent of funds receiving zero or negative ROA in 2016. SMSFs remain the most numerous type of fund and the sector has the greatest share of assets in the superannuation system.
This briefing presents analysis on the latest ATO Annual report – Self-managed superannuation funds: A statistical overview 2015-16 and explores key issues and trends arising from this release. The statistics reveal a sector with widespread underperformance problems, contributing to financial stability risks by adding fuel to the boom/bust property cycle through leverage, which undermines the efficiency of the national economy.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.