Tracking your SMSF share portfolio

If you're an SMSF trustee who self-directs the fund's share investments, you need a clear view of holdings, cost basis, capital gains, and dividends across your portfolio. TrackMyShares lets you track ASX and US shares, calculate capital gains with the super fund CGT discount, record franking credits, and generate annual tax reports for your accountant.

This guide walks through how to set up and manage your SMSF share portfolio. TrackMyShares is a share portfolio tracker, not full SMSF administration software — it covers the share portfolio side of your fund, and pairs well with dedicated SMSF admin tools for everything else. A PRO plan is required for transaction-based portfolios.

What TrackMyShares covers for SMSFs

What you can track

• ASX and US shares, plus crypto
• Full transaction history — buys, sells, dividends, splits, transfers
• Capital gains with the 33.33% super fund CGT discount
• Franking credits and withholding tax on dividends
• Cost basis lots with FIFO, LIFO, or specific lot selection
• Performance benchmarked against the ASX200 and S&P 500
• Projected dividend calendar for cash flow planning
• Portfolio rebalancing with target allocations
• Tax loss harvesting opportunities before 30 June

What it doesn't cover

TrackMyShares tracks listed shares, not everything in your SMSF. It does not cover:

• Cash accounts, term deposits, or interest income
• Property or unlisted assets
• Member balances or contribution categorisation
• ATO regulatory reporting or SMSF annual returns
• Dividend reinvestment plans (DRP) as a distinct transaction type — you can record DRP shares as a BUY transaction instead

For full SMSF compliance and administration, pair TrackMyShares with dedicated software like Class Super or BGL Simple Fund 360. Use TrackMyShares for the share portfolio tracking and tax calculations, and your admin software for everything else.

Setting up your SMSF portfolio

Create a dedicated portfolio

Create a separate portfolio for your SMSF rather than mixing fund holdings with personal investments. Name it clearly — something like "SMSF — Fund name" — so it's easy to identify in your dashboard. Set the currency to AUD.

If multiple members have different investment strategies, you can create separate portfolios for each strategy and view them individually or consolidated.

Select the super fund CGT discount when generating reports

When you generate a tax report, you'll choose your region and CGT discount rate. For an SMSF:

1. Set the region to Australia
2. Set the CGT discount to 33.33% (Super fund)

This is important because the discount rate differs by entity type:

• Individuals and trusts get a 50% CGT discount on assets held over 12 months
• Super funds get a 33.33% CGT discount (one-third) on assets held over 12 months

Selecting the wrong discount means your tax report will overstate or understate the taxable gain. The one-third discount is set by the ATO and applies to all complying super funds, including SMSFs. You'll select this each time you generate a report, so there's nothing to configure upfront.

For more details on tax regions and reports, see generating tax reports.

Import your existing transactions

If you have an existing portfolio, import your transaction history rather than entering trades manually. TrackMyShares supports direct imports from several Australian brokers:

• CommSec
• SelfWealth
• Stake
• Superhero
• CMC Markets

For brokers not listed above, you can import from a CSV file or enter transactions manually.

Import from the earliest date possible. Cost basis and capital gains calculations depend on having your full buy history — if you only import recent transactions, the cost basis for older holdings will be missing.

Adding international holdings

If your SMSF holds US-listed shares or ETFs, add them to the same portfolio. TrackMyShares handles automatic currency conversion between AUD and USD, so your portfolio value and gains are always shown in your chosen display currency.

See currency and display options for more details.

Tracking capital gains with the super fund discount

How the 33.33% CGT discount works

When your SMSF sells shares that were held for more than 12 months, the fund can reduce the capital gain by one-third before calculating the tax owed. This is the super fund CGT discount, and it's applied automatically in your tax reports when you've selected the 33.33% super fund CGT discount.

Shares held for 12 months or less receive no discount — the full gain is taxable.

Worked example:

Your SMSF sells shares for a $10,000 capital gain after holding them for 18 months:

	Amount
Capital gain	$10,000
CGT discount (33.33%)	$3,333
Taxable capital gain	$6,667

At the standard 15% super fund tax rate, the tax on this gain would be $1,000.

You can also use the CGT calculator to model different scenarios.

Cost basis methods

TrackMyShares defaults to FIFO (first in, first out), which matches the oldest purchase lots against sales first. This is an ATO-acceptable method and works well for most SMSFs.

You can also choose:

• LIFO (last in, first out) — matches the newest lots first
• Specific lot selection — choose exactly which lots to sell

Specific lot selection is useful when your SMSF has built up a position over time and you want to control whether a sale triggers a short-term or long-term gain. For example, selling lots held over 12 months qualifies for the CGT discount, while selling recent lots does not.

For a full explanation, see understanding cost basis.

Generating your annual CGT report

At the end of each financial year (July to June):

1. Go to Reports in the sidebar
2. Select Tax report
3. Choose the financial year (e.g. 2025-26)
4. Set the region to Australia and the CGT discount to 33.33% (Super fund)

The report shows:

• Short-term capital gains — from shares held less than 12 months (no discount)
• Long-term capital gains — from shares held 12 months or more, with the 33.33% discount applied
• Net capital gain — the combined taxable amount after offsets
• Capital losses — any losses that offset gains, with unused losses available to carry forward

This is a calculation aid for your accountant, not a lodgeable ATO document. Export the report as PDF or CSV and provide it alongside your broker statements at tax time.

See generating tax reports for a full walkthrough, or go directly to your tax reports.

Tracking dividends and franking credits

Recording dividends with franking credits

When your SMSF receives a dividend, add a DIVIDEND transaction to the relevant holding. Include the franking credit amount — TrackMyShares has a dedicated field for this.

Franking credits matter for SMSFs because they represent tax already paid by the company (at the corporate rate of 25% or 30%, depending on the company). Since super funds in accumulation phase pay tax at 15%, franking credits typically exceed the fund's tax liability on that dividend income, resulting in a refund. In pension phase, the fund pays no tax and franking credits are fully refundable.

TrackMyShares records the franking credit amounts alongside your dividend income. Whether credits result in a refund depends on your fund's overall tax position — your accountant handles that calculation.

For more on recording dividends, see tracking dividends.

Using the dividend calendar

The dividend calendar shows projected dividend income month by month based on your current holdings. This is useful for:

• Cash flow planning — knowing when income arrives helps with pension payment scheduling
• Contribution timing — planning around expected cash inflows
• Reviewing income distribution — checking whether your SMSF's dividend income is spread across the year or concentrated in certain months

You can also use the dividend calculator to model income from potential new holdings.

Annual dividend income report

Your tax report includes a dividend summary showing:

• Total gross dividend income for the financial year
• Total franking credits received
• Withholding tax on US dividends (for foreign income reporting)

This data feeds into your SMSF's annual tax return, which your accountant or admin software handles.

Monitoring performance and rebalancing

Track how your SMSF's share portfolio performs over time by benchmarking against the ASX200 or S&P 500. This is useful for reviewing whether the fund's investment strategy is delivering expected returns.

The portfolio rebalancing feature lets you:

• Set target allocations for each holding (e.g. 20% BHP, 15% CBA, 10% VAS)
• See how current weights have drifted from targets
• Get trade recommendations to bring the portfolio back into alignment

TrackMyShares provides the performance data and rebalancing calculations. It does not generate investment strategy documents or statements of advice — those remain the trustee's responsibility.

Tax loss harvesting for SMSFs

Before 30 June each year, review your SMSF portfolio for tax loss harvesting opportunities. This feature identifies holdings with unrealised losses that you could sell to offset realised capital gains, reducing the fund's tax bill for the financial year.

TrackMyShares shows estimated tax savings at a configurable tax rate — set it to 15% for a super fund in accumulation phase, or adjust as needed.

Keep in mind:

• Selling to harvest a loss and immediately rebuying the same shares may be treated as a wash sale by the ATO
• Always confirm with your accountant before acting on tax loss harvesting recommendations
• The 30 June deadline means you need to settle trades before the end of the financial year

Recommended workflow

1. Create a dedicated portfolio and name it after the fund
2. Import all transactions from inception, or at least the last 3-4 years
3. Record dividends including franking credits as they're paid
4. At 30 June, generate the annual tax report (region: Australia, CGT discount: 33.33% Super fund) and export it for your accountant
5. In May/June, review tax loss harvesting opportunities
6. Check the dividend calendar quarterly for cash flow planning
7. Review rebalancing annually against your fund's investment strategy

Limitations

To set clear expectations:

• No cash account tracking — only listed shares, ETFs, and crypto
• No property or unlisted asset tracking
• No member balances or contribution categorisation
• No ATO reporting — tax reports are a calculation aid, not lodgeable documents
• No DRP as a distinct transaction type (record as BUY transactions)

For complete SMSF compliance, use TrackMyShares alongside dedicated administration software. TrackMyShares gives you a clear, affordable view of your fund's share portfolio and tax position. Your admin software handles the rest.