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 | |