HQB’s Weekly SMSF News – Week 16
There are many key dates to be aware of regarding your Self-Managed Superfund. The dates of lodgement may differ depending on whether you are lodging through a registered tax agent or if you are self-preparing.
Below is a list of the main key dates for trustees to be mindful of when lodging through HQB as your registered tax agent. Please let us know if need to discuss any of these dates in relation to your SMSF.
15th January
- for taxable large or medium business super funds as per latest year lodged (Unless payments were required earlier for super funds due on 1 December)
28th January
- Super Guarantee contributions due for quarter 2 (1 October to 31 December) to be made to the fund
28th February
- if you are a newly registered SMSF who did not have to lodge earlier (payment also due), or
- a non-taxable large or medium business super fund as per latest year lodged (payment also due)
31st March
- Tax return for super funds with total income in excess of $2 million in the latest year lodged (excluding large and medium taxpayers). Payment (if required) is also due on this date
28th April
- Super Guarantee contributions due for quarter 3 (1 January to 31 March) to be made to the fund
15th May
- Fund tax return not required earlier and not eligible for the 5 June lodgement concession date
- Payment (if required) is also due on this date
5th June
- This concession is only allowed with super funds that have the due date of 15 May. This concession due date for lodging SMSF annual return for funds is available if all of the following criteria apply:
- If lodged by a registered tax agent
- if non-taxable or received a refund in the latest year lodged
- are non-taxable or expect a refund in the current year
- (Not allowed for large/medium business taxpayers or funds with an earlier due date)
28th July
- Super Guarantee contributions due for quarter 4 (1 April to 30 June) to be made to the fund
28th October
- Super Guarantee contributions due for quarter 1 (1 July to 30 September) to be made to the fund
31st October
- Tax return for all super funds where the Trustee has been advised to lodge by this date, or
- one or more prior-year tax returns were outstanding as at 30 June the prior year (if all outstanding prior-year returns have been lodged by 31 October, the previous year’s tax return will be due as in the normal program)
1st December
- Payment of income tax for taxable large and medium super funds (lodgement of tax return due 15 January)
- Payment of income tax for super funds where one or more prior-year tax returns were outstanding as at 30 June the previous year (lodgement of tax return was due 31 October)
- Payment of income tax for super funds where fund was prosecuted for non-lodgement of prior year returns and advised of a lodgement due date of 31 October
– Catherine Stojcevska
Posted 14.12.2022
This article is compiled as a helpful guide for your private information and is subject to copyright. We suggest that you do not act solely on the basis of material contained in this article because items are of general nature only and may be liable to misinterpretation in particular circumstances. We recommend that our advice be sought before acting on any of these crucial areas.