SMSF reaches one million mark

1020934_29278712Self Managed Super Funds have been the investment of choice for majority of Australians, reaching the one million member mark for the first time growing by 26.5%, according to the Australian Taxation Office.

In the March quarter alone, SMSFs added 11,400 new members, a clear indication that Australians are more comfortable in taking control of their retirement. As of this time, SMSFs hold a 65% share of all retirement income in Australia.

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