SMSF Savings Accounts – Star Ratings

IN THIS REPORT

We research and rate 153 products from 70 institutions to
determine which ones offer outstanding value for SMSF Trustees.Self-managed superannuation funds (SMSFs) are a popular retirement investment vehicle; there are currently more than half a million SMSFs in Australia, with almost one million members.

These funds are managing about $547 billion worth of future retirement wealth. And when it comes to that management, cash undeniably remains a popular investment choice, with the most recent Australian Taxation Office (ATO) quarterly statistics indicating that slightly more than 28% of total SMSF assets are currently allocated to cash and term deposits. The only larger proportion of single investment is listed shares, at around 32% of total investment.

This fondness for cash isn′t a sudden infatuation and can′t be attributed to GFC-induced fear. In 2004 (well before the GFC), cash, debt securities and term deposits represented approximately 23% of SMSF assets, compared with 31% in direct shares.

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