SMSF Rescue
Do you have an SMSF with overdue lodgements and aren't sure where to turn? Or do you have an SMSF and aren't sure why you still have it?
The ATO estimates that more than 100,000 SMSFs in Australia currently have overdue lodgements. If that's you, the worst thing you can do is put your head in the sand and hope it resolves itself.
Our team has worked with SMSF Trustees to rescue funds in genuinely difficult positions, including funds with missing documentation and compliance issues that haven't been audited or lodged for several years.
What Happens If You Don't Act
Ignoring overdue lodgements doesn't make the problem go away, it makes it worse, and the consequences compound the longer a fund stays behind.
Penalties stack up. Administrative penalties apply per overdue return, and they increase with the length of the delay.
Your fund can lose its compliant status. The ATO can mark an overdue fund as "Regulation Details Removed" on Super Fund Lookup, which blocks it from receiving employer contributions or rollovers until it's resolved.
Non-compliance puts your tax rate at risk. A fund declared non-compliant loses its concessional 15% tax rate in favour of the top marginal rate, and trustees can face disqualification or civil penalties.
The longer it's left, the harder it becomes to fix. Missing records, lapsed relationships with providers, and multiple compounding overdue years all make catch-up more complex the longer it's delayed.
What's Included in SMSF Rescue
We work closely with you to bring your lodgements up to date, then help you decide the right next step, either winding the fund up properly, or getting it back into working order so you can continue your retirement journey with an SMSF.
Our SMSF Rescue service is built for Trustees with one or more years of overdue lodgements with the Australian Taxation Office, and includes:
Accounting, Taxation and Audit. Preparing and lodging every outstanding year, working backward from the oldest overdue return
Chain of Deed Review. Checking your Trust Deed and its history of updates are valid and correctly documented
Tax and CGT Reconciliations. Resolving any outstanding tax positions and capital gains across the overdue years
SMSF Wind Up, if applicable. Where getting the fund back into working order isn't the right outcome, we handle the wind-up process properly instead
Once your fund is up to date, you can move onto one of our ongoing administration packages.
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If you need multiple years of SMSF Tax Returns completed