ATO Supervisory Levy Superannuation Funds

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

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.

For more information on the Superannuation Levy Surcharge, follow this link to the ATO website:

https://www.ato.gov.au/Forms/Self-managed-superannuation-fund-annual-return-instructions-2019/?page=52