• # SMSF supervisory levy

Self-managed super funds (SMSFs) have to pay the SMSF supervisory levy annually. The levy has been \$259 since the 2014–15 financial year and remains the same for the 2020–21 financial year. All dollar values are rounded to the whole dollar.

## Continuing fund payments

If your fund is continuing, you must pay your supervisory levy in advance of the next financial year. The amount payable will depend on if you are newly registered or not. If you are:

• not a newly registered SMSF, your amount payable will be \$259 which goes towards the next financial year. For example, if you are lodging for the 2019–20 financial year, the payment will cover the 2020–21 financial year.
• a newly registered SMSF, your amount payable will be \$518 which covers the current financial year and the following one. For example, if you are lodging for the 2019–20 financial year, the payment will cover the 2019–20 and 2020–21 financial years.

## Winding-up fund payments

If your fund is winding-up, you may not be required to pay a supervisory levy if you paid it in the previous financial year. If you are:

• not a newly registered SMSF, you are not required to pay the levy as you already paid for the current financial year.
• a newly registered SMSF, the amount payable will be \$259 to cover the current financial year.

## Special arrangements for payments in the 2012–13 or the 2013–14 financial years

If you are lodging for the 2012–13 or the 2013–14 financial years, there were additional levy payments you needed to make to reflect a change to the timing of the SMSF levy collection. You can find the levy information for these years in the tables below.

Table 1: SMSF annual return – continuing fund payments

Financial year

Not newly registered
levy payable
(\$)

Not newly registered
year of levy

Newly registered
levy payable
(\$)

Newly registered
year of levy

2013–14

129 + 259 = 388

50% of 2014 + 100% of 2015

259 + 259 = 518

2014 + 2015

2012–13

191 + 130 = 321

100% of 2013 + 50% of 2014

191 + 130 = 321

100% of 2013 + 50% of 2014

Table 2: SMSF annual return – winding-up fund

Financial year

Not newly registered
levy payable
(\$)

Not newly registered
year of levy

Newly registered
levy payable
(\$)

Newly registered
year of levy

2013–14

129

50% of 2014

259

2014 only

2012–13

191

2013 only

191

2013 only