Tax on income

The income of your SMSF is generally taxed at a concessional rate of 15%. To be entitled to this rate, your fund has to be a ‘complying fund’ that follows the laws and rules for SMSFs. For a non-complying fund the rate is the highest marginal tax rate.

See also:

• Individual income tax rates

The most common types of assessable income for complying SMSFs are assessable contributions, net capital gains, interest, dividends and rent.

Find out more:

• Assessable contributions
• Capital gains  
• Deductions  
• Non-arm’s length income  
• Tax exemptions in the retirement phase

See also:

•  Exempt current pension income  

The income of your SMSF is generally taxed at a concessional rate of 15%. To be entitled to this rate, your fund has to be a ‘complying fund’ that follows the laws and rules for SMSFs. For a non-complying fund the rate is the highest marginal tax rate.