If you’ve ever wondered who it is that makes up MB’s 60k readers per week then here is your answer. From the AFR:
The new trustee faces of Australia’s fastest growing superannuation sector, the $560 billion DIY super fund market, are younger, getting richer and willing to send more of their money offshore.
According to statistics from the Australian Taxation Office, the age make up of Australia’s new self-managed super fund trustees has dramatically changed – with more than 60 per cent now aged between 34 and 54, nearly double the 36 per cent in July last year.
“The early movers to SMSFs were pre-retirees and older trustees who had large, established asset balances and also were setting up the fund because they wanted to take back control and flexibility,” said Kristen Turnbull, head of financial services at CoreData which analysed the ATO statistics.
