SAR lodgment due soon
The due date for the SMSF annual return for some self-managed super funds is fast approaching. Trustees now have less than one month to lodge the return. If you’re the trustee of an SMSF and have already finalised the audit, remember you don’t have to wait until the due date to lodge. The ATO recommends lodging on time as any returns more than 2 weeks late will result in the status of the SMSF on Super Fund Lookup to be changed to “Regulation details removed” and impact on super guarantee payments made to the fund.