SMSF reaches one million mark
Self 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.
Read more about this on the News.com.au website.