June Quarter TBAR Deadline: What SMSFs Need to Know

June Quarter TBAR Deadline: What SMSFs Need to Know

If you have a self-managed super fund (SMSF), it’s important to stay on top of your reporting obligations, and one key task is lodging your Transfer Balance Account Report (TBAR).

What is TBAR?

The TBAR is used to report certain events that affect a member’s Transfer Balance Account (TBA). These events typically include:

• Starting a retirement phase income stream (such as an account-based pension)
  
• Commuting (partially or fully) a retirement phase pension
  
• Other events that impact the amount counted towards a member’s transfer balance cap.

It’s important to note that all TBA events must be reported, regardless of a member’s total superannuation balance.

When’s it due?

The TBAR for the June 2025 quarter is due by 28 July 2025.

If no TBA events occurred during the quarter, then no lodgement is required but it’s still essential to review your fund’s activity carefully to be certain.

Why timely reporting matters

Failing to lodge the TBAR on time can result in compliance action from the ATO, including penalties. It can also cause issues for members by negatively impacting their TBAR, particularly if they are close to or over their transfer balance cap.

Need help?

If you’re unsure whether your SMSF needs to lodge a TBAR this quarter, speak with your SMSF adviser or accountant as soon as possible to ensure you stay compliant. Contact your local office today.