Question: I need to prepare NIL lodgement for SMSF

Answer: Nil lodgments are only available for wound up funds Learn more from the ATO here. If this is the case, then, user should create SMSFAR and set ‘9 Was the fund wound up during the year?’ to YES. Supervisory levy will be $0."

Note: "Return Not Necessary (RNN)" cannot be lodged for superfunds.