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Great article courtesy of Eustice & Co Accountants.


In recent years there has been an explosion in the number of Self Managed Superannuation Funds (SMSF) in this country. With more than $600 billion under management, SMSFs are now the largest and fastest growing segment of Australia’s $1.7 trillion superannuation industry. In fact, that figure has tripled in the last five years and as at September, 2013 there are about 517,000 SMSFs funds in Australia. That means there are over one million SMSF trustees in Australia which represents one in twenty four Australians. While SMSFs make up just 4 per cent of the total number of super funds, it controls 32 per cent of all investment funds in the superannuation system.