Overview
Create Entries Alerts
- Fund is in full pension for the entire year and there is no other assessable income, Section B Income will not be completed. See the SMSF AR Instructions for additional information.
This alert indicates that Simple Fund 360 has detected no assessable income amounts for a fund in full pension.
Solution
If there should be income amounts for the financial year, please ensure that the income transactions have been recorded in the correct financial year.
Otherwise, please refer to SMSF Annual Return Instructions for detailed information on when Section B: Income needs to be completed.