SMSF uptake

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SMSF Update

After 3 consecutive years of downturns, net flows to self-managed super funds have increased in the 2010-11 financial year.

Australians contributed some $24 billion into SMSFs in the 2010-11 financial year, according to the Financial Services Council’s (FSC) Bond Report. This represented a 15 per cent increase in              contributions (almost $3 billion) from the previous year.

The largest growth rate was represented by discretionary contributions with a 19.8% increase to $24 billion between 2009-10 and 2010-11 while by comparison, employer contributions grew by 4.9% to $6.8 billion during the same period. This information is based on the most recent ATO data which is released annually with a one year lag.

Within SMSFs, listed & unlisted shares account for 31% of total assets, while cash & term deposits  account for 30.5%.

  

  

Category: News

Contact Information

Active Self Managed Super Funds
Suite 15, Level 3
83 Mill Point Rd
South Perth  WA  6951

Phone: 08 9474 2255
Fax: 08 9474 2122
Email: info@activesmsf.com.au

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