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.