ATO Crackdown on Overdue SMSF Annual Returns

The Australian Tax Office (ATO) has recently announced that from 1 October 2019, if your self-managed superannuation fund (SMSF) annual return is more than two weeks overdue for  lodgement, your SMSF will not be able to receive employer super guarantee contributions or rollovers from another super fund.

This approach is being taken by the ATO in order to encourage on-time lodgement and ultimately to protect retirement savings.

Read our latest newsletter article to see what impact this may have for you.