The number of new SMSFs being started has reached a new low, with only 5,580 funds set up in the September 2018 quarter according to the latest ATO statistics.
The total number of SMSFs continues to grow – there were 596,059 as at the end of September 2018 – but growth is slowing. Each of the last four quarters has made a new low for SMSF establishments.
For the September 2018 quarter the ATO statistics have 5,580 SMSFs established, with 148 winding-up, resulting in 5,432 net establishments. The September 2018 quarter is the lowest for SMSF establishments since at least the June 2008 quarter.