Certain contributions received by a complying SMSF are included in its assessable income and are usually taxed as part of the SMSF’s income at 15%. These ‘assessable contributions’ include:
- employer contributions (including contributions made under a salary sacrifice arrangement)
- personal contributions which the member has notified you they intend to claim as a tax deduction
- generally any contribution made by anybody other than the member, with limited exceptions such as spouse contributions and government co-contributions.