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 SMSF's ... Read more
Guide to the ATO SMSF supervisory levy
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