Big super loses $47b to SMSFs over four years

by · Australian Financial Review

Andrew HobbsWealth reporter
Sep 15, 2026 – 7.42am

Investors shifted about $27 billion from industry superannuation funds to self-managed super funds over the four years to June 30, propelling the sector to a record 680,000 funds holding more than $1.1 trillion.

In total, about $47 billion was rolled out of industry, retail and public-sector super into SMSFs over that period, according to an analysis of new data provided by software provider Class.

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Andrew HobbsWealth reporterAndrew Hobbs covers self-managed superannuation funds (SMSFs), financial planning, retirement, inheritance, tax, personal finance and, sometimes, the Perth Bears. He has been a financial journalist for 30 years, previously at Bloomberg and AAP.

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