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Home / SMSFs / SMSF admin and compliance / Q&A: How is an SMSF member’s Total Super Balance calculated?

Q&A: How is an SMSF member’s Total Super Balance calculated?

Garth McNallyGarth McNally

Q: How is the Total Superannuation Balance calculated for each individual member for an SMSF on June 30th of the previous year?

A: When it comes to calculating a member’s total super balance for an SMSF, it is very similar to what it would be for a standard non-SMSF, like an industry fund or a retail fund, with a couple of tweaks that need to be taken into consideration.

About the author

Garth McNally
Garth McNally
Garth has worked in the Australian Superannuation industry for over 20 years with a specific focus on self-managed super funds. He provides ongoing support and training to individuals as well as to professionals working in the superannuation area, including advisers, accountants and lawyers. He is a regular contributor to industry publications and to the leading professional bodies including Chartered Accountants Australia & New Zealand (CA ANZ).
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