Contributions questions

How to complete labels A to M

Print at A to M the gross total of the contributions received by the SMSF in 2020–21 for each member.

Do not reduce the amount that you write at A to M by (for example) allowances for taxes and fees.

Include contributions that the SMSF received in 2020–21 even if:

• some or all of those contributions had been      
  • transferred or rolled over to another fund in 2020–21
  • paid to the member as a super lump sum or income stream in 2020–21
• the SMSF was wound up in 2020–21.

Do not include amounts credited to accounts but not yet received by 30 June 2021. Declare all amounts received after 30 June 2021 in the annual return for the year in which the SMSF actually received the contribution.

If you received a contribution in one financial year and chose not allocate it until the following financial year, there are reporting requirements for both trustees and members in relation to the cap on excess concessional contributions. Before completing your annual return, see Request to adjust concessional contributions.

You must write contributions amounts at the correct questions so we can determine your members' eligibility for super co-contributions or low income super amounts, and accurately determine your member's excess concessional contributions, excess non-concessional contributions and liability for Division 293 tax. The contributions and related questions in section F and section G are:

• A Employer contributions
• A1 ABN of principal employer
• B Personal contributions
• C CGT small business retirement exemption
• D CGT small business 15-year exemption amount
• E Personal injury election
• F Spouse and child contributions
• G Other third party contributions
• H Proceeds from primary residence disposal
• H1 Receipt date
• I and J Foreign superannuation fund amounts
• K and L Transfers from reserves
• T Contributions from non-complying funds and previously non-complying funds
• M Any other contributions
• N Total contributions

For more information, see TR 2010/1 Income tax: superannuation contributions.

A Employer contributions

Employer contributions include:

• contributions made by an employer for an employee (including contributions made under a salary sacrifice arrangement or to meet the employer's obligations under the super guarantee, awards, agreements or other obligations)
• super guarantee charge shortfall amounts
• employer contributions transferred from our (the ATO's) super holding accounts special account (SHA special account).

Did the SMSF receive employer contributions for the member?

Complete A and A1.

Write at A the total value of employer contributions made for the member in 2020–21. Do not include:

• contributions made by the member, even where the member has given the SMSF a Notice of intent to claim or vary a deduction for personal super contributions. that applies to the contribution and the SMSF has acknowledged it (include these at B Personal contributions)
• contributions that the member asked their employer to deduct from their after-tax income (include these at B Personal contributions)
• employment termination payments received from an employer (include these at B Personal contributions).

If you have used a contribution reserve strategy for concessional contributions as described in TD 2013/22:

• employer contributions which were received in 2020–21 must be included at A even if they were not allocated to the member’s account before 1 July 2020
• the relevant members may need to complete Request to adjust concessional contributions.
• if a member received employer contributions and part or all of the contributions were made by a non-related employer, you must include the following at item 7 in section A:      
  • Fund's financial institution account details, and
  • Electronic service address alias (ESA).

Members with a defined benefit interest

If the member has a defined benefit interest in the SMSF, include at A their notional taxed contributions.

The notional taxed contributions are generally the amount of the assessable contributions which the trustee has allocated to the member’s defined benefit interest during the financial year. See Regulation 292–170.03 of the Income Tax Assessment Regulations 1997.

If a member has both a defined benefit interest and an accumulation interest in the SMSF, include at A:

• the sum of the notional taxed contributions, and
• any employer contributions made to their accumulation account.

For more information, see Super contributions – defined benefit funds and constitutionally protected funds.

A1 ABN of principal employer

Write at A1 the Australian business number (ABN) of the employer who made contributions to the member’s account.

If more than one employer contributed to the member’s account, write the ABN of the employer that contributed the largest amount in 2020–21.

Continue to: B Personal contributions