In this guide
Self-managed super funds (SMSFs) in Australia are privately run super funds for between one and six members who must also be trustees of their fund.
According to the Australian Taxation Office (ATO), 68% of SMSFs had two members in June 2025, typically a married couple, followed by 25% with just a single member. Those with three or four members made up just under 7% of funds.
While the maximum number of members increased from four to six on 1 July 2021, by June 2025 fewer than 0.3% of funds had five or six members. That suggests there hasn’t been much pent-up demand, although it’s only been a few years since the change took effect.
How many SMSFs are there?
The latest available ATO figures indicate there were 653,062 SMSFs in Australia in June 2025, up 6.2%. This continued the steady growth of the sector, despite ongoing market uncertainty.
As you can see from the table below, the number of new funds established increased significantly, while there was also a massive decline in the number of SMSF wind-ups in the year to June 2025.
Overall, this resulted in the strongest increase in net establishments in many years.
Number of SMSFs
| Year ended | New funds | Wind-ups | Net new entries | Total number of SMSFs | Total members of SMSFs |
|---|---|---|---|---|---|
| June 2025 | 41,980 | 3,531 | 38,449 | 653,062 | 1,203,127 |
| June 2024 | 33,032 | 15,146 | 17,886 | 614,613 | 1,133,070 |
| June 2023 | 27,149 | 15,817 | 11,332 | 596,727 | 1,105,568 |
| June 2022 | 28,208 | 16,878 | 11,330 | 585,395 | 1,089,329 |
| June 2021 | 25,873 | 18,679 | 7,194 | 574,065 | 1,074,326 |
| June 2020 | 21,888 | 18,416 | 3,472 | 566,871 | 1,062,215 |
Source: ATO. Estimate extrapolated from June 2024 data.
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