smsf facts and figures

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www.lasseter.com.au [email protected] tel.: 1300 083 691 SMSF Facts and Figures

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A presentation on some facts and figures regarding SMSF

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Page 1: SMSF facts and figures

www.lasseter.com.au

[email protected].: 1300 083 691

SMSF Facts and Figures

Page 2: SMSF facts and figures

www.lasseter.com.au

[email protected].: 1300 083 691

Lasseter has prepared this presentation for general information purposes only and does not constitute personal advice.

You should not act solely on the basis of material contained in this presentation. We recommend that formal advice is sought which considers all your individual objectives and needs.

No material contained within this report should be construed or relied upon as providing recommendations in relation to any financial product.

General Advice Disclaimer

Page 3: SMSF facts and figures

www.lasseter.com.au

[email protected].: 1300 083 691

• Over 440,000 SMSFs and 850,000 SMSF trustees

• $400b invested in SMSF

• In the 2011 financial year there were 32,875 SMSF’s were established

• In the past 3 years SMSF assets rose 18% to $400B.

• Cash increased by close to 10% in the past 12 month the largest movement of any asset class

Recent Statistics

Page 4: SMSF facts and figures

www.lasseter.com.au

[email protected].: 1300 083 691

SMSF Location Demographic

 Funds Members Assets

ACT 2.00% 2.00% 2.00%

NSW 31.30% 31.40% 32.00%

NT 0.20% 0.20% 0.20%

QLD 16.80% 16.90% 16.80%

SA 7.30% 7.40% 7.10%

TAS 1.40% 1.40% 1.20%

VIC 29.80% 29.70% 30.10%

WA 11.10% 11.10% 10.40%

Page 5: SMSF facts and figures

www.lasseter.com.au

[email protected].: 1300 083 691

SMSF Age Demographics

Age ranges Male Female Total

< 25 1.00% 1.00% 1.00%

25 - 34 4.20% 4.30% 4.20%

35 - 44 12.90% 14.90% 13.80%

45 - 54 24.10% 26.70% 25.30%

55 - 64 32.80% 33.80% 33.30%

> 64 25.10% 19.20% 22.40%

All ages 53.60% 46.40% 100%

Page 6: SMSF facts and figures

www.lasseter.com.au

[email protected].: 1300 083 691

SMSF Income Demographic

Income ranges Male Female Total

$0-$20,000 22.50% 31.00% 26.40%

>$20,000-$40,000 17.60% 23.10% 20.20%

>$40,000-$60,000 12.70% 14.10% 13.40%

>$60,000-$80,000 12.70% 11.70% 12.20%

>$80,000-$100,000 8.20% 6.30% 7.30%

>$100,000-$200,000 16.00% 9.40% 13.00%

>$200,000-$500,000 7.20% 2.80% 5.20%

>$500,000 2.50% 0.70% 1.70%

Page 7: SMSF facts and figures

www.lasseter.com.au

[email protected].: 1300 083 691

Asset AllocationsAsset Allocation Dec-10 Dec-11 Change

Listed trusts 19,791 19,685 -0.54%Unlisted trusts 36,468 36,273 -0.53%Insurance policy 195 196 0.51%Other Managed Investments 20,495 20,605 0.54%Cash and term deposits 104,542114,932 9.94%Debt securities 2,338 2,570 9.92%Loans 2,313 2,470 6.79%Listed Shares 131,539122,005 -7.25%Unlisted Shares 4,228 4,514 6.76%Derivatives and instalment warrants 737 810 9.91%Non-residential real property 42,912 45,560 6.17%Residential real property 13,996 14,860 6.17%Artwork, collectibles, metal or jewels

622 6646.75%

Other assets 10,969 11,713 6.78%Overseas shares 1,070 992 -7.29%Overseas Non-residential real property

77 71-7.79%

Overseas Residential real property 135 125 -7.41%Overseas Managed Investments 337 313 -7.12%Other overseas assets 1,652 1,533 -7.20%Total Australian and Overseas Assets ($m)

394,416399,8921.39%

Page 8: SMSF facts and figures

www.lasseter.com.au

[email protected].: 1300 083 691

• The SMSF Sector is poised for growth coming from a new segment 

o Middle Australians who are Coach seekers

• Traditional ‘advice’ model redundant

o Repositioning to a financial mentor model

• Contribution caps are stifling growth 

o In retirement income & in National savings

• Providers need to break the ‘product’ mindset 

o IMA’s and SMA’s are a low cost implementation solution

• Trustees have a right to quality information and services 

o Genuine desire to be responsible decision makers 

o Genuine requirement for competent specialist SMSF guidance

Trends

Page 9: SMSF facts and figures

www.lasseter.com.au

[email protected].: 1300 083 691

Here are the types of SMSF trustees, which type are you?

•Controllers – “I’d rather do it myself”

o High number of SMEs (45%)

o Control is key driver

•Coach Seekers – “Help me help myself”

o DIY driver, but want support

o Seek external affirmation for decisions

•Outsources – “Do it for me”

o Make decisions based on fear

o Not typically SMSF candidate

o Trust passed to 3rd party

SMSF Trustee Profiles

Page 10: SMSF facts and figures

www.lasseter.com.au

[email protected].: 1300 083 691

SMSF Trustee Profiles

Page 11: SMSF facts and figures

www.lasseter.com.au

[email protected].: 1300 083 691

• Establishment Costs – FREE (Lasseter will establish your SMSF at no cost)

• Corporate Trustee - $444 (One Off – ASIC Fee) see our SMSF Starter Package

• Annual Accounting and Tax – starting from $1320, see our Compliance and Administration Package

• Annual Audit – starting from $330 *

• Annual ATO Levy - $150

• Annual ASIC Fees - $212 (only for corporate trustee)

• Other Professional Fees – ie Financial Advisor

• Investment Fees – depending on investments chosen

SMSF Costs

Page 12: SMSF facts and figures

www.lasseter.com.au

[email protected].: 1300 083 691

If you have any queries please call us on 1300 083 691.

or

We can contact you request via our website press here

View our SMSF Starter Package

View our Compliance and Administration Package

What Next?

Page 13: SMSF facts and figures

www.lasseter.com.au

[email protected].: 1300 083 691

Lasseter InFocus

Offices: T: 1300 083 691MelbourneAltona E: [email protected] W: www.Lasseter.com.au