The income of your SMSF is generally taxed at a concessional rate of 15%. To be entitled to this rate, your fund has to be a ‘complying fund’ that follows the laws and rules for SMSFs. For a non-complying fund the rate is the highest marginal tax rate.
The most common types of assessable income for complying SMSFs are assessable contributions, net capital gains, interest, dividends and rental income.
Enquire about our annual service package for SMSF administration, bookkeeping, audit and tax return services, payable in monthly instalments.