SMSF

The headline figures are substantial. The number of SMSFs rose by 47,000 in the year to 30 June 2026, lifting the total to roughly 680,000. Collectively these funds hold more than $1.1 trillion in assets, cementing self-managed super as a major pillar of the …

The scale of activity is hard to overstate. Australian Taxation Office data for the year to 30 June 2026 shows around 680,000 SMSFs and about 1.24 million members, with the number of funds rising by 47,000 over the year on a net basis. In …

The most significant tax change is Division 296, now legislated in a revised form. It applies from the 2026–27 income year, commencing 1 July 2026, with the first assessment applying at 30 June 2027.

The enacted legislation sets a large superannuation balance threshold of $3 million and a very large superannuation balance threshold of $10 million.

Over the four years to 30 June 2026, about $47 billion was rolled out of industry, retail and public-sector super and into SMSFs, based on analysis ofSuperannuationindustry data.

At a sector level, the mix is fairly clear. According to Australian Taxation Office data, listed shares are the single largest allocation at 27% of SMSF assets. Cash and term deposits follow at 17%, then unlisted trusts at 13%, non-residential (commercial) property at 11% …

Across all SMSFs, listed shares are the biggest single allocation at 27% of assets, according to Australian Taxation Office data. Non-residential, or commercial, property sits at 11%. So at a headline level, listed investments comfortably outweigh direct property.