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10 Oct 2019 ATO celebrates 20 year milestone of regulating self-managed superannuation funds

The ATO celebrated its 20th anniversary as the regulator of SMSFs on 8 October 2019.

There are over 1.1 million Australian SMSF members, accounting for close to $750 billion in retirement savings.

Since the ATO started regulating the sector, it has grown considerably. There are 600,000 funds, with over 20,000 new SMSFs being established every year.

In 1999, there were about 200,000 SMSFs with 387,000 members, and a total of $55 billion in assets. Today, SMSFs comprise nearly one third of the $2.76 trillion total superannuation assets.

Read more here.

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