We surveyed 854 current and 147 former members of self-managed superannuation funds (SMSFs) in 2016. The results of our survey document their aspirations, operational practices and experiences. Both current and former members expressed high general interest in superannuation, but ‘detractors’ of SMSFs outnumbered ‘promoters’. SMSF members said they enjoy ‘control’ of investment, but a majority delegated tasks to financial professionals. Three times as many members rated the performance of their fund as above the SMSF average as below, although most did not measure the performance of their fund adequately. The probability of closing a SMSF is significantly higher if members use net returns, rather than other indicators such as account balance, to judge performance.

JEL Classification: H55, H75, J32

2016年，我们对854名现任和147名前自我管理养老金基金（SMSF）成员进行了调查。我们的调查结果记录了他们的志向，运营实践和经验。现任和前任成员都对退休金表现出很高的普遍兴趣，但SMSF的“反对者”数量超过了“推动者”。SMSF成员表示，他们享受投资的“控制”权，但大多数将任务委托给金融专业人士。将其基金的绩效评定为高于SMSF平均值（如下所示）的成员是其成员的三倍，尽管大多数成员未充分衡量其绩效。如果会员使用净回报率而非其他指标（例如帐户余额）来判断绩效，则关闭SMSF的可能性会大大提高。

JEL分类：H55，H75，J32