5 Key SMSF Challenges to Tackle in the New Financial Year
- Future Accounting
- Jul 22
- 2 min read
Running a Self-Managed Super Fund ? Here Are the 5 Key SMSF Challenges You Need to Know
The new financial year is more than just a date change. As an SMSF trustee, staying ahead of the curve is essential.
Here’s a breakdown of the 5 key SMSF challenges to keep in sight as of 1 July 2025.
A. Contribution Complexity
The concessional cap is $30,000, and non-concessional is $120,000 - these cap limits remain the same.
Other types of contribution's you may need to consider:
Unused concessional carry-forward amounts
Spouse contributions
Downsizer contributions
CGT small business concessions
Not sure if you're eligible? Now’s the time to check.
B. Super Guarantee Hits 12%
From 1 July 2025, the Super Guarantee (SG) rate reaches 12%. due to this increase, your employer contributions will increase therefore extra care is needed to ensure this SG increase doesn't cause you excess contributions problems. It’s also a good time to revisit your contribution strategies to make the most of the new rate.
C. Market Volatility & Inflation
Investment returns aren’t guaranteed, and SMSFs are feeling the pinch. Take a moment to review your fund’s investment strategy. A well-diversified portfolio is your best defence against any market turbulence and inflation risk.
D. Division 296 Tax Looms
High-balance members, take note: the proposed Division 296 tax when introduced proposes to apply to total super balances of $3 million plus. The big concern? It may include unrealised gains, meaning you'll be taxed even if you haven’t sold assets. Planning ahead and setting up an action plan, will save a lot of stress later.
E. ATO Compliance Pressure
The ATO is ramping up its focus on SMSF governance. This means:
Clear asset documentation
Accurate and prompt-audits
Reviewed and up-to-date strategies
Staying compliant is no longer just about ticking boxes - your fund needs to be like a well-run business.
Pro Tip: Treat Your SMSF Like a Business
Running an SMSF today means more than just managing investments. It’s about governance, strategy, and knowing the rules inside and out.
Make sure your fund is compliant, strategic, and future-ready.
Ready to get on top of your SMSF challenges?
Need help navigating it all? We’re here to guide you through every step.
Contact us today for a quick review or tailored advice before the new rules kick in.
