Self-managed super numbers set to grow in 2026

The number of Australians contributing to self-managed super funds (SMSFs) is set to grow again in 2026, prompting a need for superannuation services to ensure they are operated correctly.

Data trends show an increasing number of Australians electing to self-manage their super funds, rather than partnering with another organisation. This growth is now being driven largely by Millennials and Gen X, who have become the primary cohorts establishing new SMSFs. This has coincided with news from Roy Morgan Research that satisfaction with the self-managed variety has continued to remain strong, although no longer holding a clear lead over its rivals.

General satisfaction with superannuation sits at a higher overall level than in previous years, with SMSFs achieving an approval rating of 80.4 per cent. SMSFs, on the other hand, are tracking well above the average, although industry and public sector funds have become increasingly competitive in recent years, narrowing the gap in satisfaction levels.

Public sector funds are the closest rivals, with stronger satisfaction growth in recent years, ahead of industry funds, which have also improved their standing among members.

If the forecast is correct, these statistics could prompt continued growth in new SMSF establishments, with younger trustees continuing to drive the creation of new funds. Recent data shows that new SMSF establishment activity has remained strong, reflecting sustained interest in SMSFs.

Recent figures show the total number of SMSF members has surpassed 1.22 million, spread across more than 663,000 funds.

Roy Morgan Research directly attributes the growth in membership to high financial satisfaction with the programs.

The team at Wilson Porter can provide the services needed to ensure an SMSF is managed correctly. This includes establishing new funds, making it easy to join the growing number of satisfied Australians with their own super schemes.

Audit services can also be provided, which are essential for all SMSFs. As ATO compliance requirements evolve, particularly for newer and younger trustees, having the right support is increasingly important. Combining these services with our knowledge of administration and legal compliance ensures a streamlined, stress-free experience to help you get the most out of your fund.