Tax Rate SMSF

Understanding SMSF Tax

SMSFs are subject to income SMSF tax but receive concessional treatment if they are complying funds. A complying SMSF’s taxable income generally has an SMSF tax rate of 15%.

The most common types of assessable income for complying SMSFs are:

• Assessable contributions;
• Interest, dividends and rent;
• Capital gains.

However, certain types of SMSF income are taxed at a different SMSF tax rate:

• Assessable contributions;
• Exempt current pension income;
• Non Arm’s Length Income;
• Capital gains;
• Deductions;
• Goods and services tax (GST);
• Super lump sum payments;
• Your income stream;
• Death Benefit Payments;
• Small business lifetime CGT cap.