Mason Stevens Super Fund tax calculation | FY2023

We are pleased to inform you that the annual tax assessment for Mason Stevens Super (Fund) has now been completed for the 2023 financial year. This assessment is undertaken once a year after the Fund’s income tax return has been lodged with the ATO to determine any tax credits or liabilities to be applied to a member’s account.

The refund and payment amounts attributable to member accounts depend on the type of account held by the member (Super, Pension, Transition to Retirement). 

If a member account’s total deductions exceed the assessable income, the account is in a loss position and any tax credits available to the member are carried forward to future years until the account is in a taxable position to offset any liability with available tax credits. The same applies to capital losses which are offset against capital gains. Any capital losses that cannot be utilised during the assessment year are carried forward to future years.

If a member opened a transition to retirement or pension account on or after 1 July 2023, any tax credits due or owed are processed from this new account.

Members can now see an adjustment in the cash transaction history of their Self-Directed Portfolio reflecting the appropriate tax position for the account held with the fund to 30 June 2023. 


Q: Where can I see the tax adjustment reflected in my account?

A: The tax adjustment is reflected in the cash transactions history for the Self-Directed Portfolio of your account. The narrative for the transaction line item will be “Tax for CGT / Non CGT crystallisation” (for Super and TTR accounts) and “Tax for CGT crystallisation” (for Pension accounts). This will appear as either a credit or debit on your account. Any interest compensation owed to you will appear as a separate transaction line item.

Q: What if my account has converted to a pension account during this time?

A: We will credit any tax credits into your Pension account if it is held with Mason Stevens Super.


Have any questions for us?

If you cannot find the answer you are looking for, you can submit a request and we will be in touch as soon as possible. Alternatively you can contact us on 1300 988 878, or email us at