EOFY Special — 50% off SMSF setup
Offer ends midnight AEST, 1 July 2026. Applies to Individual and Corporate Trustee setup fees.
Worked example — Sarah starts an account-based pension
On 15 August 2025 Sarah, age 65, commences an account-based pension in her SMSF with a starting balance of $1,200,000. This is a 'credit' to her transfer balance account.
The event happened in Q1 of the financial year (Jul–Sep 2025), so the TBAR must be lodged by 28 October 2025. The fund reports: member TFN, event type (start of retirement-phase income stream), event date (15 Aug 2025), and value ($1,200,000).
Sarah's transfer balance account now sits at $1.2m, leaving $700,000 of her $1.9m cap available for future retirement-phase amounts. If she later commutes $200,000 back to accumulation, that commutation is a 'debit' and must also be lodged on a TBAR — by 28 days after the end of the quarter the commutation occurred.
Regular fortnightly or monthly pension payments to Sarah are NOT reported on a TBAR. Only structural events (starts, commutations, structured-settlement contributions, commutation authority responses) are.
- All SMSFs lodge TBARs quarterly (since 1 July 2023) — 28 days after quarter end.
- Only lodge when a reportable event happens — no nil returns required.
- Tracks each member against the $1.9m transfer balance cap (2025–26).
- Late lodgement can trigger excess transfer balance tax based on incomplete data.
- easySMSF prepares and lodges every required TBAR as part of our fixed annual fee.