Sep 20, 2023
Tim Steele, chief executive officer at Class, and Jo Hurley,
general manager, growth at Class, join the SMSF Adviser Show to
talk about the findings of their annual Benchmark Report.
Mr Steele and Ms Hurley explain that younger generations are
driving new SMSF establishments, but growth in the sector is also
being aided by greater longevity for older SMSF members.
The pair also cover the superannuation gender gap, including the
relatively strong showing from SMSFs versus APRA funds and the
“reverse gender gap” seen in under 25s with SMSFs.
Finally, Mr Steele and Ms Hurley highlight the disparity between
SMSF and APRA fund members enjoying tax-free earnings in retirement
phase, as well as the implications of the $3 million super balance
cap.