Maximise Your Super: Essential SMSF Planning Before 30 June 2025

Why SMSF Planning Before 30 June 2025 Is Crucial

As the financial year draws to a close, 30 June 2025 marks a critical deadline for self-managed super fund (SMSF) trustees. Strategic planning now can help you maximise tax benefits, optimise contributions, and avoid compliance issues. Whether you’re an SMSF veteran or new to managing your own fund, taking action before the EOFY can significantly enhance your retirement strategy.

1. Maximise Your Concessional Contributions

Concessional (before-tax) contributions are capped at $30,500 for the 2024–25 financial year. This includes:

• Employer super guarantee contributions
• Salary sacrifice arrangements
• Personal deductible contributions

If you haven’t used your full cap in previous years and your total super balance is under $500,000, you may be eligible to carry forward unused cap amounts from up to five prior years.

✅ Action Tip: Check your contribution history and make top-up contributions before 30 June 2025 to reduce taxable income and boost your super.

2. Consider Non-Concessional Contributions

Non-concessional (after-tax) contributions have a cap of $110,000 per year, or up to $330,000 over three years under the bring-forward rule if you meet the eligibility criteria. These contributions aren’t taxed in the fund and can significantly grow your SMSF balance over time.

✅ Action Tip: Use this strategy if you’re under 75 and your total super balance is below the transfer balance cap ($1.9 million in 2024–25).

3. Review Your Pension Payments

If you’re drawing a pension from your SMSF, make sure the minimum annual pension withdrawal is met before 30 June to maintain your tax-free income status within the fund. Failure to meet the minimum can lead to the pension reverting to accumulation phase, increasing your fund’s tax burden.

✅ Action Tip: Review your payment history early and schedule final payments before EOFY.

4. Rebalance Your Investment Strategy

With market fluctuations and changes in personal circumstances, EOFY is a perfect time to reassess your SMSF investment strategy. Ensure your asset allocation still reflects your risk profile and retirement goals. Also, confirm your strategy is properly documented as required by the ATO.

✅ Action Tip: Engage a financial adviser to evaluate your portfolio against your long-term objectives.

5. Conduct a Compliance Check

Avoid costly penalties by ensuring your fund remains compliant with ATO rules. This includes:

• Lodging your SMSF annual return on time
• Meeting trustee responsibilities
• Ensuring all transactions are at arm’s length
• Updating the trust deed if needed

✅ Action Tip: Schedule a pre-EOFY review with your accountant or SMSF administrator.

6. Plan Ahead for Contributions in 2025–26

Take note of legislative changes and future opportunities, including potential indexation of caps. Effective planning now lays the groundwork for smarter contributions and retirement outcomes in the year ahead.

The contribution reserve strategy can be also considered if you have higher income this year.

Final Thoughts

SMSF planning before 30 June 2025 is more than a tax-saving opportunity—it’s a chance to secure and grow your retirement nest egg. Acting now ensures you stay compliant, make the most of available contributions, and align your strategy with your long-term goals.

💡 Need personalised guidance? Speak to our SMSF adviser or accountant who understands your situation.