SMSF Super levy Cost and Guide
When you set up an SMSF several costs are involved in setting up the fund and ongoing operations of the fund. Some of them are one time payment like SMSF Set Up and other are occurred every year like accounting fee , audit fee etc. One of them is the ATO supervisory levy which is paid every year by the fund from inception till wind up. How much does Super levy cost? Currently ATO super levy is $259 and is paid as part of tax payment for the annual return. Since 2014 financial year super levy remained at $259 and for the existing funds it was adjusted to $259 in 2013 and 2014 financial year tax return lodgement where levy for 2013 was $191 but $321 was charged and for 2014 it was $259 but $388 was charged to make it advance payment for one year for existing funds. For newly funds with first time lodgement of return from 2014 financial year Super levy was charged $518 which includes $259 advan...