Hi @ArrowTrades

I have done this exact thing myself - I used the SMSF's Bpay reference instead of my own holding. My accountant allowed me to just reimburse myself and he made a note of it in the end of year accounts. He also gave me the option to keep it in the super fund and call it a non-concessional contribution.

@ArrowTrades - I made this mistake, same as you and @boney35.

Just let your SMSF admin / accountant know now and they should be able to square up before year end.

Or as @boney35 says, treat is as a concessional (or non-concessional) contribution.

@ArrowTrades providing you are under your contribution caps, I believe you could make this transfer as either a concessional or non-concessional contribution.

I would be careful about taking that money back out without advice, especially if there is a time gap. The ATO doesn’t like money coming out of your super once it’s been contributed unless you have reached preservation age and are eligible to start making withdrawals.

Oh @ArrowTrades, I may have misinterpreted. If you contributed shares and not cash, this is fine too. This is known as an “inspecies” contribution which is also eligible to be treated as either a concessional or non-concessional contribution to super providing you are under your cap. However if the SPP was in your super shares, and you used your private cash to pay for them, that it a cash contribution to you super, not an in-specie transfer.

By the way, I’m not an accountant!

@ArrowTrades This link from the ATO on returning contributions might be useful https://www.ato.gov.au/individuals-and-families/super-for-individuals-and-families/self-managed-super-funds-smsf/in-detail/smsf-resources/smsf-technical/returning-contributions

I’ve found in the past that the auditor will pick up any non-compliance or mistakes you make in contributing or withdrawing from your SMSF and make a note in the audit. The ATO have been understanding if it’s a genuine mistake and they may give you a wrap over the knuckles and expect you not to make that same mistake again. Mistakes aren’t necessarily a valid reason to avoid penalties.