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ATO SMSF supervisory levy

Self-managed superannuation funds (SMSFs) must pay the ATO an annual supervisory levy. The levy payable each year now sits at $259 and this amount is payable in advance. For a new SMSF, what this means is that you would pay double the annual SMSF levy in your first year.

Below are key SuperGuide articles explaining the ATO SMSF supervisory levy:

  • Guide to the ATO SMSF supervisory levy - Depositphotos 12157865 original 100x75

    Guide to the ATO SMSF supervisory levy

  • Set out below are all SuperGuide articles referring to ATO SMSF supervisory levy.

    What expenses can an SMSF deduct?

    February 11, 2019 by SuperGuide Leave a Comment

    What expenses can an SMSF deduct? - co contribution 3370117 c 100x75

    Self-managed super fund (SMSF) expenses can be tax deductible provided that they comply with Australian taxation legislation. It’s important to understand that SMSFs should only pay expenses that are: Allowed for under superannuation legislation and the SMSF's trust deed Consistent with implementing the ... Read more

    Guide to the ATO SMSF supervisory levy

    February 5, 2019 by SuperGuide Leave a Comment

    Guide to the ATO SMSF supervisory levy - Depositphotos 12157865 original 100x75

    The supervisory levy is an annual payment that all SMSFs must pay to the Australian Taxation Office (ATO). How much is the ATO levy? Currently, the annual SMSF levy is $259. However, it’s important to note that this levy must now be paid in advance (i.e. for the following financial year). Prior to 1 July 2013, the ... Read more

    SMSF compliance: Is your fund due for a super service?

    December 18, 2018 by Trish Power 3 Comments

    SMSF compliance: Is your fund due for a super service? - smsf service 100x75

    Read this article to discover the rules in place for SMSF trustees, and discover what you can do to ensure your SMSF operates within the super laws. If you run an SMSF, then you belong to an influential group that controls a third of all superannuation money held in Australia, and collectively owns around over 14% ... Read more

    SMSFs: Driving your super C-A-R-T obligations

    April 19, 2018 by Trish Power Leave a Comment

    SMSFs: Driving your super C-A-R-T obligations - Cart 3837441 c 100x75

    If you run an SMSF (or you’re considering running an SMSF), a helpful way to understand your responsibilities as an SMSF trustee, is to consider that operating an SMSF is all about steering your own super CART. CART is a term that I have coined to help SMSF trustees manage the mandatory aspects of running an SMSF, ... Read more

    A quick summary: 2013/2014 Mid-Year Economic and Fiscal Outlook

    December 17, 2013 by Trish Power 1 Comment

    A quick summary: 2013/2014 Mid-Year Economic and Fiscal Outlook - Australia 5404459 c 100x75

    Say goodbye to the promised Budget surplus by 2016/2017, one of the many carrots the Coalition used to get Australians to vote for them in the September 2013 election. According to Federal Treasurer, Joe Hockey, the budget blowout is because… everything is Labor’s fault. Hockey claims the Coalition has inherited a ... Read more

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