Reminder: Lodge your SMSF Annual Return (SAR) by 28 February
For some Self Managed Super Funds (SMSFs), the deadline to lodge the SMSF annual return (SAR) for the 2023-2024 financial year is quickly approaching. Ensure your SAR is submitted by 28 February 2025 to avoid complications.
Who needs to lodge?
If your SMSF held assets, such as super contributions or other investments, as of 30 June 2024, you are required to lodge an annual return for the 2023-2024 financial year.
If your SMSF does not have any assets, you must either:
- Submit a return not necessary request, or
- Cancel your fund’s registration if you no longer wish to maintain the SMSF.
Failing to lodge your SAR on time can result in your SMSF’s compliance status being changed to ‘regulation details removed’ on Super Fund Lookup. This may prevent rollovers and employer contributions from being made to your fund.
Act early to ensure accuracy and avoid penalties.
Our team is here to guide you through the process and ensure your SMSF remains compliant with all regulatory requirements. Please contact your Simmons Livingstone advisor on 1800 618 800 or via email at admin@simmonslivingstone.com.au.
