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.

Advertisement

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
Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
6.99% p.a.
7.01% p.a.
$3,323
Principal & Interest
Variable
$null
$720
70%
  • Minimum 30% deposit needed to qualify
  • Available for purchase or refinance
  • No application, ongoing monthly or annual fees.
  • Dedicated loan specialist throughout the loan application
 Disclosure
7.19% p.a.
7.74% p.a.
$3,391
Principal & Interest
Variable
$395
$null
60%
  • Offset facility
  • EASY Refinance with minimal documentation
  • Residential & Commercial
  • Australia’s first certified Impact Lender
 Disclosure
7.24% p.a.
7.26% p.a.
$3,407
Principal & Interest
Variable
$0
$710
70%
 Disclosure
7.25% p.a.
7.65% p.a.
$3,411
Principal & Interest
Variable
$30
$825
80%
7.74% p.a.
7.76% p.a.
$3,579
Principal & Interest
Variable
$0
$710
80%
 Disclosure
7.75% p.a.
7.83% p.a.
$3,582
Principal & Interest
Variable
$0
$995
80%
7.49% p.a.
7.51% p.a.
$3,493
Principal & Interest
Variable
$0
$720
80%
  • Minimum 20% deposit needed to qualify
  • Available for purchase or refinance
  • No application, ongoing monthly or annual fees.
  • Dedicated SMSF loan specialist throughout the loan application
 Disclosure
  • Minimum 30% deposit needed to qualify
  • Available for purchase or refinance
  • No application, ongoing monthly or annual fees.
  • Dedicated loan specialist throughout the loan application

More details
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.

Image by Vlad Sargu via Unsplash

Speak to an SMSF lending specialist

Whether you're looking to refinance or purchase investment property with your SMSF our partners can help you find the right SMSF home loan.
By submitting this form you agree to the following: Savings.com.au’s Terms of Use, Savings.com.au Privacy Policy and Loans.com.au’s Conditions and Privacy Policy.