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Date of article: 24 August 2012
Last updated: 31 August 2012

SMSF levy increase

In the 2012-13 Budget, the government announced an increase to the annual SMSF supervisory levy. The levy has been increased from $180 to $200 and will be applicable for the 2011-12 financial year, with effect from 1 July 2011 to help offset costs associated with SMSF auditor registration regime.

This means that the levy for the 2012 tax return will be $200.

The levy payable will then reduce to $191 for the 2012-13 and subsequent years.

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