ATO Supervisory Levy
The Supervisory Levy is a fee charged by the ATO on each SMSF. This is added to the tax return for each SMSF and paid to the ATO. When the SMSF is assessed for tax, this Super Levy Surcharge is added to the total payable to the Tax Office.
These fees were as follows:
- 2019 $259
- 2018 $259
- 2017 $259
- 2016 $259
- 2015 $259
- 2014 $259
- 2013 $191
- 2012 $200
- 2011 $180
Example:
If your SMSF had $1,000 taxable income, e.g. interest income, the tax on this is calculated at 15% = $150. The Super Levy Surcharge is added to this for $259, so the total payable to the ATO is $409 to the tax office via the tax assessment.
More info
For more information on the Superannuation Levy Surcharge, follow this link to the ATO website:
