SMSF tax return numbers rise 4.8% in 2010-11 to 391,000: ATO figures

Self-managed super funds (SMSFs) experienced the largest growth in the number of tax returns lodged over 2010-11 by entity type rising to 391,163, according to the latest release of ATO figures.

This was an increase of 4.8% from 373,195 SMSF tax returns lodged 2009-10.

The figures show that the highest allocation remains to shares (32%) and cash and term deposits (28.7%) with 3.5% invested in residential property, 11.4% in non-residential property, 4.2% invested in listed property trusts and 8.8% invested in unlisted property trusts.

In total 14.9 million tax returns were lodged, an increase of 2.1% from 2009-10.

Individual returns represented 84.7% of all tax returns lodged.

Self–managed super funds, 2010–11 and 2011–12 financial years

Self–managed super funds

2010–111

2011–12

Funds (no.)

442,987

478,263

Members2 (no.)

846,227

913,550

Assets2 ($m)

423,232

438,995

 

Asset allocation across self–managed super funds, 2009–10 and 2010–11 income years

Asset type

2009–102

2010–11

%

%

Listed Shares

31.4

32.0

Cash and term deposits

27.1

28.7

Non-residential real property

11.5

11.4

Unlisted trusts

9.6

8.8

Other Managed Investments

5.0

4.7

Listed trusts

4.9

4.2

Residential real property

3.7

3.5

Unlisted Shares

1.2

1.1

Overseas assets3

0.9

0.9

Other assets4

4.8

4.8

Total5

100.0

100.0

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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