The Class SMSF Benchmark Report for March 2019 is now available. This quarter’s special feature casts a spotlight on the characteristics and trends of newly established SMSFs, including the average number of members, establishment age, fund balances, and asset allocations.
Some of the revealing insights include:
- Over 72% of SMSFs are established as two-member funds from the outset, making it important to consider overall fund balance when determining the viability of setting up an SMSF
- Males have a 42% higher average balance than females when funds are established, which compares with a significantly lower gap of 21% overall across all SMSFs
- The average establishment age for newly established funds is 48.9, with a small difference occurring between genders.
Download the full March report.