SMSF calendar of key lodgement dates
In this article, we highlight some of the key lodgement dates and major obligations for self-managed super funds for the balance of this financial year.
2016 key reporting and lodgment dates
Generally a new SMSF lodging through a tax agent will have a due date of 28 February in the first financial year following the setup of the fund. If it continues to lodge with a tax agent and maintains a good lodgement record the subsequent returns will be on 15 May, or 5 June with an extension. SMSFs without a tax agent should have lodged by now (31 October 2015).
The following is general information published by the ATO and is subject to change and/or your specific circumstances. SMSF trustees should confirm the due date applying to their fund with their accountant or fund administrator.
|28 February 2016
||Annual return for new registrant (taxable and non-taxable) SMSFs. Payment (if required) is also due on this date.
|15 May 2016
||Fund where the tax return is not required earlier and it is not eligible for the 5 June lodgment concession date.
Payment (if required) is also due on this date.
|5 June 2016
||Tax returns for super funds that were non-taxable or received a refund by latest year lodged and are non-taxable or will receive a refund in current year.
Note: This concession is only available to super funds with a lodgment end date of 15 May 2016.
|30 June 2016
||Last opportunity to refinance/alter non commercial related party limited recourse loans to commercial terms.
Last opportunity to draw benefit payments to satisfy the pension minimum payment requirements
Source: ATO website
About the author
David Busoli is the SMSF Education Manager at AMP SMSF