The ATO advises that the self-managed super fund (SMSF) supervisory levy has increased from $191 in 2012–13 to $259 per annum for 2013–14 onwards.
The timing for payment has also changed. The levy is now payable for the financial year in which the SMSF annual return (SAR) is due.
Transitional provisions apply for the 2013–14 financial year. The levy needs to be paid in two instalments, when lodging the 2012–13 and 2013–14 SARs.
For information about how this affects a client's levy payments, refer to SMSF supervisory levy and the tables in SMSF supervisory levy – 2013 to 2016 financial years