SMSFs avg balances hit $1m
“Source: Financial Standard – March 28th, 2011″
New research from Rainmaker into self-managed super funds confirms that much of what we think we know about the sector is still driven by myths.
An analysis the researcher conducted into SMSF figures available from the Australian Taxation Office and the superannuation regulator APRA revealed that the average fund is now near $1 million with an average member balance of $500,000 receiving average annual contributions of $50,000…