Overview
The SMSF Annual Return can be lodged electronically in Simple Fund 360.
- The availability of electronic lodgement for Annual Returns in future financial years (including wind-ups) is reliant on when the ATO makes lodgement for these period available.
Once the fund's SMSF Annual Return has been reviewed (see The SMSF Annual Return section) you can validate and lodge the return through Simple Fund 360.
Prerequisites
Ensure you have set up a lodging party in Simple Fund 360:
Ensure you have reviewed the Annual Return, and completed all relevant sections prior to validation:
Validation
| From the Main Toolbar navigate to the Compliance menu. | |
| Select Tax compliance. |
Select the arrow to the right of the Validate button and then select Lodgement Declaration to download the electronic lodgement declaration.
Select Validate to prepare the SMSF annual return for lodgement.
If you have made any changes/updates to the fund's Lodging Party details, select Update Lodging Party under Section K.
Do not reverse and re-create entries.
Lodgement
Important
Once you have successfully lodged an SMSF Annual Return with the ATO, you will not be able to reverse entries for that financial year and make any changes to the financial year data. However, if you need to lodge an amended annual return, see Amended Annual Returns.
Lodgement can either be processed via the tax compliance screen or the Lodgement screen.
The Lodgement screen allows for multiple forms to be lodged at once.
Lodging through the Tax Compliance screen
| From the Main Toolbar navigate to the Compliance menu. | |
| Select Tax compliance. |
Once the return has been validated, the lodge button will appear.
Click Lodge.
Lodging through the Lodgement screen
| From the Main Toolbar, go to Connect. | |
| Select Lodgement from the list. |
| Filter | Explanation |
|---|---|
| Forms Prepared (AR) | Select this filter to display incomplete forms. |
| Forms Awaiting Lodgement | Select this filter to display validated forms that have not been lodged. |
| Forms Lodged | Select this filter to display returns that have been lodged. |
| Rejected Forms | Select this filter to display rejected returns. |
| All Forms | Select this filter to display all returns. |
- Select the Lodging Party.
- Validated returns linked to the Lodging Party selected will filter and appear.
-
Select the checkbox to the left of the fund you are lodging the return for and then select Lodge.
The tick box will not appear until a lodging party has been selected - Once the return has been successfully lodged, under the Forms Lodged section, you will see that the status next to that fund will change from Validated to Lodged (Electronically).
Download the SMSF Annual Return in PDF format
Under the Report column of the Lodgement screen, any fund returns and associated schedules lodged to the ATO (with the Lodgement Status displaying as Lodged Electronically) can be printed in PDF format by clicking on the View field. The return will display in a new tab for you to download and print.