SMSF Levy

The annual SMSF supervisory levy is currently $518 for a newly registered fund and $259 per year on an on-going basis.

In the 2012-13 Mid-Year Economic and Fiscal Outlook the Government increased the then SMSF supervisory levy (the super fund return annual lodgment fee) to $259 per year from 2013-14 onward, and accelerated the timing of levy payment to be phased in over 2 financial years. The measure was described as a ‘cost recovery measure’.

For newly-registered funds this results in a first-time double payment, with one fee pertaining to the year of the return, and a second fee covering the year after, which is the year within which annual return lodgment takes place.

Supervisory levies in detail

Existing/continuing funds
Year ending
30 June
Levy
Basis of calculation
30 June 2017$259SMSF supervisory levy for 2017-18
30 June 2016$259SMSF supervisory levy for 2016-17
30 June 2015$259SMSF supervisory levy for 2015-16
30 June 2014$38850% of the 2013-14 levy = $129
(i.e. 50% of $259)
plus the 2014-15 levy of $259
30 June 2013$321Levy for 2012-13 of $191
plus 50% of 2013-14 = $130
(i.e. 50% of $259)

 

Newly registered funds – 1st year payment
Year of
registration
Levy
Basis of calculation
30 June 2017$518SMSF supervisory levy for 2016-17 & 2017-18
30 June 2016$518SMSF supervisory levy for 2015-16 & 2016-17
30 June 2015$518SMSF supervisory levy for 2014-15 & 2015-16
30 June 2014$518SMSF supervisory levy for 2013-14 & 2014-15
30 June 2013$321Levy for 2012-13 of $191
plus 50% of 2013-14 = $130
(i.e. 50% of $259)

 

Winding up funds
Newly registeredLevy
Basis of calculation
30 June 2017$259SMSF supervisory levy for 2017 only
30 June 2016$259SMSF supervisory levy for 2016 only
30 June 2015$259SMSF supervisory levy for 2015 only

See also

.

This page was last modified on 15 Sept 2017