An Informative Guide on SMSF Tax Return

When you contribute to a self-managed superannuation fund (SMSF), you are likely to receive an annual return. However, this varies depending on the fund and the investment options it uses. However, in general, SMSFs tend to provide higher returns than other investment options. You can also opt for the service of SMSF excise return through various online sources.

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The table below provides an example of what you can expect from a typical SMSF in terms of annual return.

Annual Return (%)

Fixed Deposit 5% 

Savings Account 2% 

Self-Managed Superannuation Fund 8%

When to Lodge my Annual Return?

If you are a self-managed superannuation fund (SMSF) operator, you will need to lodge your annual return with the Australian Taxation Office (ATO) by 30 June in order to claim your associated superannuation tax offset. In addition, SMSFs will also need to lodge an annual statement for their members.

There are a few things to keep in mind when lodging your annual return:

– You can only claim a superannuation tax offset if your SMSF has an income year ending on or after 30 June of the year you lodge your return.

– You cannot claim an offset for any income years ending before 1 July of the year you lodge your return.

– If you have had an event that has caused your SMSF’s income to exceed its normal limits, you may be able to claim an exemption from lodging your return. More information is available on the ATO website.

Keep these tips in mind when lodging your annual return and you will be sure to get everything done on time!

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