Tax Office statistics point to uptick in SMSF establishments
The ATO’s most recent SMSF statistical report indicates that net establishments of SMSFs for the last financial year were at their highest since 2015–16 income year.
The ATO’s SMSF Quarterly Statistical Report for June 2020 indicates that net establishments for SMSFs for the 2019–20 income year could be as high as 18,540, which would bring the total number of SMSFs to 593,375.
Read more at the SMSF Adviser.
