SMSF Annual Return

For the 2007/08 and subsequent tax years, self managed superannuation funds will lodge one return which constitutes:

• the income tax return;
• the SIS Act return; and
• the member contributions statements return.

of the fund.  For 2006/07 and previous years, three separate returns had to be lodged – sometimes on separate dates.

For self managed superannuation funds which do not use a tax agent – the 2007/08 return will have to be lodged by 31 October 2008.

For self managed superannuation fund who do use a tax agent – the 2007/08 return need not be lodged till 15 May 2009.

However, a fund which uses a tax agent and has a poor history lodgement history (the ATO knows which funds they are!) will be required to lodge their 2007/08 tax return by 31 October 2008 rather than 15 May 2009.