Are SMSF members getting younger?

The graph below, based on the most recent available ATO statistics, shows the age range of all SMSF members as at June 2013.

SMSF Age Range of Members

This graph shows the age range of members of new funds in the December quarter of 2013.

SMSF Age Range of Members Establishing SMSFs 2013

To make the comparison easier the graph below overlays the two sets of data – the blue is the existing members, the red the new members.

SMSF Age of Trustees

It would seem there is a clear trend for SMSFs becoming more popular with younger members, although this is skewed somewhat as it doesn’t take into account the age of the current members when they started the funds – it doesn’t account for the ageing of members.

Source: https://www.ato.gov.au/About-ATO/Research-and-statistics/In-detail/Super-statistics/SMSF/Self-managed-super-fund-statistical-report—December-2013/

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