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SMSF supervisory levy rising quickly

The supervisory levy from the ATO is currently supposed to be $191, but the actual payment required for 2012/2013 will be $321. This is made up of $191 for 2012/2013 plus an advance payment of 50% of the $259 levy for 2013/2014, totalling $321. It's even worse the next year, with the remaining half of the 2013/2014 levy of $129, plus the 2014/2015 levy of $259 paid in advance. That's a tidy $388. New funds will pay $259 in 2013/2014 plus a $259 payment in advance for the following year, a total of $518.

 

 


 

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