SMSF Growth Continues Despite Regulatory Uncertainty

Demand for Control Over Super

Despite ongoing discussion about superannuation policy and potential tax changes, demand for Self‑Managed Super Funds continues to grow. For many Australians, the attraction lies in control over investments, strategy and long‑term retirement planning.

Strongest Growth in Years

Almost 14,500 SMSFs were established in the first quarter of FY2026 alone, making it one of the strongest quarters recorded since the ATO began reporting the data in 2012. In FY2025 approximately 42,000 new SMSFs were established, representing growth of around 6.5 per cent.

A Trillion-Dollar Sector

SMSFs now hold more than $1.07 trillion in assets, representing roughly 24 per cent of Australia’s $4.47 trillion superannuation system.

Younger Trustees Entering the Sector

Millennials and Generation X now account for more than 90 per cent of new SMSF establishments, lowering the average trustee age to around 47 years.

Advice Gap in the SMSF Market

Many SMSFs are being established without financial advice. However, around one‑third of unadvised trustees indicate they intend to seek professional advice in the future.

Investment Trends Are Evolving

Direct property continues to be popular, while ETFs are becoming increasingly common for diversification. A small number of funds are also investing in cryptocurrency while maintaining higher initial cash balances.

The Role of Professional Advice

As SMSFs grow in popularity, compliance, tax and strategic considerations become increasingly complex. Professional advice can help trustees manage risk and ensure their fund remains compliant.

Contact Lockwood & Ward on (02) 9299 7044, visit www.lockwood.com.au , or stop by Level 9, 50 Clarence Street, Sydney NSW 2000.