SMSF trustees need to pay the supervisory levy with their funds annual return. The amount payable is stated on the return. The annual levy has remained $259 for more than a decade as of financial year 2025-26. The levy must be paid in advance for the following financial year.
One benefit of the advance payment system is that an SMSF does not have to pay the annual ATO levy in the year in which it is wound up, as it will have already paid for that year.
SMSF supervisory levy for continuing funds
If your fund is continuing, it must pay your supervisory levy in advance of the next financial year. According to the Australian Taxation Office, how much it have to pay will depend on if it is:
A newly registered SMSF
Your SMSF's amount payable will be $518. This covers both the current financial year and the following one. So, if its lodging for the 2024–25 financial year, the payment will cover the 2025-26 and 2026–27 financial years.Not a newly registered SMSF
Your SMSF's amount payable will be $259, which goes towards the next financial year. For example, if its lodging for the 2024–25 financial year, the payment will cover the 2025–26 financial year.
SMSF supervisory levy for funds that are winding-up
If your fund is winding-up, it may not be required to pay a supervisory levy if you paid it in the previous financial year.
According to the ATO, this depends on if it is:
A newly registered SMSF:
The amount payable will be $259 to cover the current financial year.Not a newly registered SMSF
Your SMSF isn't required to pay the levy as it has already paid for the current financial year.
When to pay the SMSF supervisory levy
The supervisory levy needs to be paid with the fund’s annual tax return. SMSF trustees are responsible for lodging an annual return on behalf of their fund as part of their compliance obligations.
The levy is added to the tax payable by your SMSF for member contributions and fund earnings (or deducted from any tax refund your SMSF may be entitled to receive). It is payable even if your SMSF has no tax payable on member contributions or fund earnings.
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