This document discusses when a TBAR report needs to be lodged for an SMSF. A TBAR report must be lodged if a fund member has a total super balance of $1m or more, or if a new pension has commenced. The deadline for lodging TBAR reports is July 1st if a pension existed in the prior year, or within 28 days of the quarter in which a new pension commenced.

1. DO YOU NEED TO LODGE A TBAR REPORT?
Do you have an SMSF Member that has total super balance of $1m or more?
Did you have a
pension existing
as at 30 June
2017?
Did you have a
pension existing
as at 30 June
2017?
Have you
commenced
a new
pension?
Have you
commenced
a new
pension?
Do you wish to take more
than the minimum
pension?
Please contact your
advisor as you may be
able to treat the excess
as a lump sum withdrawal
from your pension
Do you wish to take more
than the minimum
pension?
Please contact your
advisor as you may be
able to treat the excess
as a lump sum withdrawal
from your pension
You need to lodge
TBAR report by
1 July 2018
You need to lodge
TBAR report by
1 July 2018
You need to lodge
TBAR within 28
days after the end
of the quarter in
which your pension
commenced
You need to lodge
TBAR no later than the due
date of lodging the SMSFs
annual Tax return for the
year in which the pension
commenced
You don’t need to
lodge TBAR report
Yes No
No No NoNo
No YesYes Yes YesYesYes
Once your SMSF is on annual or quarterly for TBAR, it will stay on that basis for its existence
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