Completing the self-managed super fund annual return

Overview

This information will help you complete the Self-managed superannuation fund annual return (NAT 71226). The SMSF annual return now comprises your income tax reporting, regulatory reporting and member contributions reporting.

The information highlights some of the more common reporting errors encountered during our compliance activities.

This is general information and current at the time of publication. It does not attempt to address your specific circumstances. It details specific errors we are seeing in reporting and highlights where you need to pay close attention. If this information does not assist you, we suggest you seek more specific advice before completing your reporting.

A self-managed super fund assesses its own tax debt or refund. As such, a notice of assessment will not be issued, as the lodgment of the return is deemed to be an assessment.

This information is provided in addition to the Self-managed superannuation fund annual return instructions (NAT 71606).

For more information on how to report contributions rolled over from your SMSF in the Rollover benefits statement and the SMSF annual return, refer to How to report contributions that you roll over - self-managed superannuation funds.