It can be confusing to know exactly when to lodge your SMSF, there are several deadlines to be aware of. This list should help you to keep it straight. Hillyer and Riches are certified practising accountants and can help if you have any questions or need tax advice on lodging your SMSF.
(Please note that if the tax office has given you a different date to lodge by, disregard this list.)
In general, the lodgement and payment due dates for SMSF Annual Returns are:
- If you are lodging your own return the due date is 28 Februaryafter the financial year.
- If you are lodging though your tax agent the due date will fall under the tax agent lodgement programme and they will let you know the date.
If this is your first annual return then the lodgement and payments due dates are:
- 31 Octoberafter your first financial year if you are lodging your own annual return
- 28 Februaryafter your first financial year if you are lodging through your tax agent.
Summary Calendar of SMSF lodgement due dates
Date Description
31 October
-
-
- if you are a new registrant self-preparer
- if you are a self-preparer and had an overdue return at 30 June
- if you are a self-preparer and your last tax return was lodged late
- if you lodged through a tax agent and had an overdue tax return at 31 October
-
1 December
-
-
- due date for payment of income tax for super fund if you are required to lodge by 31 October.
-
15 January
-
-
- if you are a taxable large or medium business super funds as per latest year lodged. (Unless payments were required earlier for super funds due on 1 December)
-
28 February
-
-
- if you are a registered tax agent for either a:
- New registrant who did not have to lodge earlier (payment also due)
- or a non-taxable large or medium business super fund as per latest year lodged(payment due)
- if you are a self-preparer who was not required to lodge earlier.
- if you are a registered tax agent for either a:
-
31 March
-
-
- if you are lodging through a tax agent and your total income is above two million in the latest lodged year (payment is also due)
-
15 May
-
-
- if you are lodging through a tax agent and you are exempt from lodging earlier
-
5 June The concession due date for lodging SMSF annual return for funds if all of the criteria apply:
- if lodge by a registered tax agent
- if non-taxable or got a refund in the latest year lodged
- are non-taxable or expect a refund in the current year
This concession is only allowed with super funds with the due date of 15 May. (Not allowed for large/medium business tax payers or funds with an earlier due date)
Disclaimer:
Hillyer Riches Management Pty Ltd is a Corporate Authorised Representative (No 466483) of Capstone Financial Planning Pty Ltd. ABN 24 093 733 969. AFSL / ACL No. 223135.This document contains general advice only and is not personal financial or investment advice. Also, changes in legislation may occur frequently. We recommend that our formal advice be obtained before acting on the basis of this information.
Check out this post about Corona Virus ATO Updates in Australia.
