The number of new SMSFs being set up is the lowest in at least a decade, based on the latest and historical ATO statistics.
Only 25,034 SMSFs were established in 2017/18, according to the ATO statistics. This compares to the 30,540 established in 2016/17 and the high point over the past ten years of 41,079 in 2011/12.
SMSF wind-ups have also declined, but not at the same rate as establishments, leaving the net establishment of SMSFs also at a decade-long low of 14,505, just below the 14,844 net establishments in 2009/10. Though, based on previous years, the June quarter SMSF wind-up figure is likely to be significantly revised upwards – only 206 SMSFs are shown as ceasing in the quarter, compared to and average of 9,142 for the June quarter over the past four years. Such a revision would leave the SMSF net establishment figure at close to a quarter of those of recent years.