Self-Managed Superannuation Funds in Australia - Market Research Report (2014-2029)
Melbourne, Australia
Last Updated: March 2024
ANZSIC OD5526Revenue
$66.3bn
Past 5-Year Growth
Profit
$X
Employees
XX,XXX
Businesses
638k
Wages
$XX.Xbn
Self-Managed Superannuation Funds in Australia industry analysis
The Self-Managed Superannuation Funds industry's assets have continued growing in recent years. Industry assets have increased by an annualised 1.3% over the five years through 2023-24 to $900.5 billion. Revenue has increased by an annualised 0.3% over the same period to $66.3 billion. Like other superannuation funds, SMSF revenue is highly volatile as it's made up of investment income and SMSFs are highly exposed to equity markets. Significant volatility in domestic and international sharemarkets throughout the COVID-19 pandemic, geopolitical tensions and more recent inflationary pressures have highlighted this variability. Revenue has surged 20.1% in 2023-24, following a strong recovery in financial markets over the past year.
Trends and Insights
- SMSFs are expected to continue expanding with assets predicted to reach over $1.0 trillion in the next five years. This growth will be driven by Australia's aging population, rising superannuation guarantee rates and stabilising investment conditions.
- A strong share market and the popularity of ETFs have prompted SMSF members to invest more in listed shares and managed investments. However, the proposed Division 296 tax might curtail this trend.
- New South Wales has many SMSFs due to its economic activity and population. The likelihood of having an SMSF is higher in the state because the income generation in areas like Sydney makes these funds economically feasible.
- SMSFs don't compete as each fund uniquely manages its members' assets. This allows for a personalised investment approach, making SMSFs appealing to members who prefer customisation over the generalised approach in retail or industry superannuation funds.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.3 % over the past five years, to reach an estimated $66.3bn in 2024.
Trends and Insights
Total SMSF assets have grown steadily over the past five years
- The industry's total assets accurately indicate the industry's size, with assets growing at an annualised 1.3% over the past five years to $900.5 billion.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The upcoming super tax reform is set to shake up the SMSF landscape
- The Australian government has proposed a plan to hike the tax rate on superannuation earnings for balances exceeding $3 million from 15% to 30%, starting July 2025.
Biggest companies in the Self-Managed Superannuation Funds in Australia
| Company | Market Share (%)
2024 | Revenue ($short_0)
2024 |
|---|
There are no companies that hold a large enough market share in the Self-Managed Superannuation Funds in Australia industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Listed shares, Residential property and Non-residential property. Listed shares is the largest segment of the Self-Managed Superannuation Funds in Australia.
Trends and Insights
Robust sharemarket performance has strengthened allocations to listed shares
- Listed shares are equities traded on Australian and overseas stock exchanges.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Superannuation Funds in Australia
Complementors
- Custody, Trustee and Stock Exchange Services in Australia
- Financial Planning and Investment Advice in Australia
- Superannuation Funds Management Services in Australia
International industries
- There are no industries to display.
Table of Contents
About this industry
Industry definition
Entities in this industry operate superannuation funds that are required to have no more than six members. Industry revenue is made up of investment revenue. Investment revenue is derived from investments and capital gains or losses. Industry establishments represent the number of self-managed super fund members.
What's included in this industry?
Listed sharesResidential propertyNon-residential propertyManaged investmentsCashCryptocurrency, overseas and other assetsCompanies
Purchase this report to view all major companies in this industry.
Related Terms
VOLUNTARY CONTRIBUTIONSFRANKING CREDITSMARK-TO-MARKETIndustry Code
ANZSIC 6330 - Self-Managed Superannuation Funds in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
SMSFs are expected to continue expanding with assets predicted to reach over $1.0 trillion in the next five years. This growth will be driven by Australia's aging population,...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
A strong share market and the popularity of ETFs have prompted SMSF members to invest more in listed shares and managed investments. However, the proposed Division 296 tax mi...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
New South Wales has many SMSFs due to its economic activity and population. The likelihood of having an SMSF is higher in the state because the income generation in areas lik...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
SMSFs don't compete as each fund uniquely manages its members' assets. This allows for a personalised investment approach, making SMSFs appealing to members who prefer custom...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The industry has no major players as SMSFs are set up to exclusively hold their own members’ assets and are capped at six members. The industry comprises thousands of these f...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
SMSF returns are significantly influenced by the All Ordinaries index and 10-year bond rate performance due to substantial investments in the sharemarket and interest-bearing ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
SMSFs do not incur wage costs because they do not directly employ staff. Any necessary professional services like fund management or accounting are outsourced, which can beco...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Self-Managed Superannuation Funds industry in Australia in 2024?
The market size of the Self-Managed Superannuation Funds industry in Australia is $66.3bn in 2024.
How many businesses are there in the Self-Managed Superannuation Funds in Australia industry in 2024?
There are 638k businesses in the Self-Managed Superannuation Funds industry in Australia, which has grown at a CAGR of 2.7 % between 2019 and 2024.
Has the Self-Managed Superannuation Funds industry in Australia grown or declined over the past 5 years?
The market size of the Self-Managed Superannuation Funds industry in Australia has been growing at a CAGR of 0.3 % between 2019 and 2024.
What is the forecast growth of the Self-Managed Superannuation Funds industry in Australia over the next 5 years?
Over the next five years, the Self-Managed Superannuation Funds industry in Australia is expected to grow.
What does the Self-Managed Superannuation Funds in Australia include?
Listed shares and Residential property are part of the Self-Managed Superannuation Funds industry.
How competitive is the Self-Managed Superannuation Funds industry in Australia?
The level of competition is moderate and steady in the Self-Managed Superannuation Funds industry in Australia.
