Self-Managed Super Funds
Accepting Rollovers and Contributions
Contributions
An SMSF trustee can accept contributions on behalf of members from many sources.
Like all superannuation funds, a member’s eligibility to contribute to the SMSF will be subject to their age and the relevant contribution caps.
Trustees are required to properly document contributions and rollovers including:
- The amount
- Type of contribution
- Breakdown of components
Contributions must be allocated to the member’s account within 28 days of the end of the month in which they are received.
For more information on the types of contributions that can be made to an SMSF we recommend you have a look at the Superannuation Module – Contributing to Super.
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