Year end requirements

SMSF Year End Requirements

The financial year for an SMSF is the same as for individuals, i.e. 30 June. We will prepare the SMSF annual compliance functions.

You need to send us your Documents:

As the Trustee responsible for the Fund, you need to supply us with the information to prepare the financial accounts and tax return. Please email all supporting documents to us. For each type of investment, send us the balances at 30 June and transactions for the year. This is explained below:

Bank Accounts
Roll-overs into the Fund, send us a statement
Share Trading accounts
Remember to send us copies of all your permanent documents, if you have not done so already.

From the 2015 financial year onwards, we will need Trustee to complete an Accounting Checklist when preparing supporting documents for annual return. Please ensure that this Checklist must be sent together with all supporting documents before we can start the accounting process for your Fund. Please click here for our Checklist.

There are some significant changes taking effect from 1 July 2017 in Super. If your pension balance is over $1.6 million, you will need to make a request to convert part or all of your pension accounts into accumulation phase to ensure that your total pension balance does not exceed $1.6 million. You can download the minute template here to instruct us below:

1.6M Pension Balance Minutes

If your pension balance is over $1.6 million, we will automatically reset the asset cost base in a most tax effective manner to take advantage of the CGT relief.

When do we need this?

The ATO is the regulator of SMSF and the annual return is due to the ATO on either 28 Feb for new funds (8 months after the year end) or 15 May for the 2nd and subsequent years (this is 10.5 months).

Please try and send all files in Excel or CSV format. This will save us processing time. Where there’s excessive data entry (also referred to as a shoe-box audit)  we will have to charge an account entering and processing fee. You can use a system to enter all the data yourself. See this UNIP Portfolio Management system to enter data. We do have read-only access to this system as your accountant to prepare financial accounts and a tax return from this data.

Please email these documents over to our email address: or documents can be mailed to our postal address.

Please forward all documents you have on your Fund.  If there are any queries or missing documents, we will be in contact with you.

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