The Class Annual Benchmark Report offers insights into the evolving SMSF landscape. Last year’s standout finding was the ongoing expansion of the SMSF sector, with investors seemingly undeterred by the looming challenges presented by the Division 296 tax.

SMSF establishments surged in FY25, with total funds rising 6.4% in the year. Notably, this marks the highest gross fund establishment rate since 2017.

Direct Aussie shares remained the most popular investment representing almost 30% of total assets. Unsurprisingly, direct property came in second place, although down slightly from the previous financial year. ETFs were the only asset class to grow in popularity, with their presence across SMSF portfolios increasing 1.3% year-on-year….