Ato smsf contact

Australia Income Tax Treaty exempts superannuation from U. We can provide a Tax Opinion to secure the legal exemption. If you are an SMSF trustee or professional, you can use our SMSF early engagement and voluntary disclosure service. This service allows you to engage early with us in relation to unrectified contraventions.

To make a voluntary disclosure, complete the SMSF regulatory contravention disclosure formThis link will download a fileor apply in writing. The completed form or your written application and any relevant supporting documentation should be submitted to us by: 1.

See full list on ato. You can use this service to request general advice on the Superannuation Industry (Supervision) Act and Regulations requirements or SMSF administrative issues. We can send you a list of the returns on which your SAN has been recorded so you can confirm whether your SAN has been misused.

You can request SMSF specific adviceabout how the super law applies to a particular transaction or arrangement for a SMSF including its investments or payment of benefits. To do this, complete the Request for self-managed superannuation fund specific advice form. Send your completed form to us either by: 1. SMSF annual return (SAR) Refer to Lodge SMSF annual returns. SMSF auditors - professional to professional service.

Getting help from us.

You can contact us for general help with your SMSF obligations. What is SMSF and SMSF? Who do I contact to change my SMSF? How to request SMSF advice? Can I use my SMSF early engagement service?

The ATO staff member will provide a PIN you must enter when prompted. This will ensure you are directed to the most appropriate customer service representative. Like other superannuation funds, self-managed super funds ( SMSFs ) are a way of saving for your retirement.

The difference between an SMSF and other types of funds is that, generally, the members of an SMSF are also the trustees. This means the members of the SMSF run it for their own benefit. We publish quarterly statistical reports for the self-managed super fund ( SMSF ) market. This report has been developed taking into account valuable feedback from the superannuation industry. Alerts for changes made to SMSF information.

Dividends, growth and capital - Your COVID-considerations. ATO to contact over 10potentially undiversified SMSFs. The ATO is set to contact thousands of SMSFs, that the tax office is concerned may be undiversifie about their investment strategies. The ATO announced that it will be contacting around 17SMSF trustees, and their auditors, at the end of August “where our records indicate the SMSF may be holding or more of its funds in one asset or a single asset class”.

ATO set to contact SMSF clients over focus areas. With LRBAs and TBAR two of the major focus areas for the ATO this year, the Tax Office has announced plans to contact trustees with high concentration risk in their funds and toughen its stance on misreporting.

The ATO ’s text message alert service for SMSF trustees which is designed to reduce the risk of fraud may be causing unnecessary worry for SMSF trustees rather than achieving its intended goal, according to a mid-tier firm. Does your SMSF investment strategy meet diversification requirements? The ATO has warned that where SMSF firms enter reciprocal auditing arrangements with other audit firms, these auditors will be at risk of breaching their independence requirements. The decline was most pronounced for member. The ATO published new guidance on its website after receiving feedback from SMSF trustees and industry members last year.

Per the ATO ’s letter: “This is so that the ATO can interview you about your role as trustee to ensure that you can demonstrate the knowledge and understanding required of a person acting in. At the start having your own SMSF sounds wonderful. You will be the one running the show.

But an SMSF also comes with a ton of responsibilities… and tough ATO actions when you don’t meet these. As an SMSF trustee you can be subject to different ATO actions.