SMSFs are undergoing a renaissance thanks in part to interest from Millennials. But it’s not all good news because many operate without any expert guidance.
The self-managed superannuation sector is set to report its strongest growth in nearly a decade when the Australian Tax Office releases its June 2024 quarterly statistical report later this month.
Data so far released suggests that SMSF establishments for the 2023-24 financial year will surpass 30,000, the highest number since the 2016-17 financial year.
