You need to pay the supervisory levy with your SMSF annual return. The amount payable is stated on the return. Since 2014-15, the annual levy has remained the same which is $259 and remains the same for the 2021-22 financial year. It’s important to note that the levy must be paid in advance for the following financial year.

The positive aspect 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 because they have already paid for that year.


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Looking to take control of your retirement? This table below features SMSF loans with some of the most competitive interest rates on the market.

Update resultsUpdate
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.99% p.a.
7.00% p.a.
$2,659
Principal & Interest
Variable
$0
$230
70%
Featured
  • Available for Purchase and Refinance. No application fee and no settlement fee
  • No monthly, annual or ongoing fees
  • Access your SMSF loan via our easy-to-use online app Smart Money
7.24% p.a.
7.25% p.a.
$2,726
Principal & Interest
Variable
$0
$0
70%
7.25% p.a.
7.65% p.a.
$2,729
Principal & Interest
Variable
$30
$1,190
80%
7.55% p.a.
7.94% p.a.
$2,811
Principal & Interest
Variable
$395
$1,920
80%
7.75% p.a.
7.83% p.a.
$2,866
Principal & Interest
Variable
$0
$995
80%
7.49% p.a.
7.50% p.a.
$2,794
Principal & Interest
Variable
$0
$230
80%
Featured
  • Available for Purchase and Refinance
  • No application fee and no settlement fee
  • No monthly, annual or ongoing fees
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

Important Information and Comparison Rate Warning


Continuing fund payments

If your fund is continuing, you must pay your supervisory levy in advance of the next financial year.

According to the Australian Taxation Office, how much you have to pay will depend on 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.

According to the ATO, this depends on 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.

When to pay

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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