Australians Flock to Self-Managed Super Funds as Assets Surpass $1 Trillion
Finance experts say Australians are seeking greater control over how their retirement savings are invested.
A record number of Australians are establishing self-managed superannuation funds (SMSFs), with total assets in the sector exceeding $1 trillion. New SMSF openings have more than doubled since 2021, while the number of funds being wound up has significantly decreased. The largest age group opening new SMSFs is between 35 and 44 years old.
- A record 52,020 new SMSFs were established in the year ending June 2026.
- Total assets in SMSFs have surpassed $1 trillion.
- The number of SMSFs being wound up has fallen sharply.
- Australians aged 35 to 44 constitute the largest demographic for new SMSF members.
- SMSFs are private superannuation funds managed by their members.
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