Your super can pay for various items relating to running your SMSF.

These include such items as…

  • management, administration and audit fees
  • subscriptions and attending seminars
  • ongoing investment related expenses

Making something an expense for an SMSF is a little different than having expenses in your personal income. For example you might use your home computer 40% for work and 60% for personal use. In this case you can claim 40% of the costs against your personal income.

SMSF deductions are different in that you must only use the item for the SMSF to make it deductible. For example only an item that is 100% used for the SMSF can be a deductible expense. This makes sense because the SMSF is totally seperate from you.

Below is the ATO webpage that discusses what is deductible.

https://www.ato.gov.au/Super/Self-managed-super-funds/In-detail/SMSF-resources/SMSF-technical/SMSF-deductibility-of-expenses/#Operatingexpenses1