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July 2025 SMSF newsletter

SMSFs: How to start a pension
There are decisions to make and steps to take before a fund member can start withdrawing retirement income from their super. Here’s what trustees need to know. Read more.
SMSFs: How to start a pension
There are decisions to make and steps to take before a fund member can start withdrawing retirement income from their super. Here’s what trustees need to know. Read more.
Commuting an SMSF account-based pension
If you want to commute (roll back) some or part of a super pension, or combine multiple pensions, you need to follow strict rules. Read more.
Commuting an SMSF account-based pension
If you want to commute (roll back) some or part of a super pension, or combine multiple pensions, you need to follow strict rules. Read more.
What SMSF trustees need to know about exempt current pension income (ECPI)
Understanding the rules around ECPI can help reduce tax and save costs when fund members move into retirement phase. Read more.
What SMSF trustees need to know about exempt current pension income (ECPI)
Understanding the rules around ECPI can help reduce tax and save costs when fund members move into retirement phase. Read more.
What strategies can I consider to reduce tax on a super pension paid from my SMSF?
When and how you withdraw income from your super in retirement can have significant tax benefits. Read more.
What strategies can I consider to reduce tax on a super pension paid from my SMSF?
When and how you withdraw income from your super in retirement can have significant tax benefits. Read more.
SMSF reporting and record-keeping requirements
SMSFs have many attractions but keeping up with the admin is not one of them. Here’s what you need to know to stay on the right side of the law. Read more.
SMSF reporting and record-keeping requirements
SMSFs have many attractions but keeping up with the admin is not one of them. Here’s what you need to know to stay on the right side of the law. Read more.

The Recontribution strategy: Opportunities and strategies to get the best outcomes

Thursday 24 July 2025 at 4:00 pm AEST

This webinar will show you how the Recontribution strategy works and the process required to maximise the tax effectiveness of your retirement savings.

Q&A: What is the process for contributions reserving?
Q: I would like to use the contributions reserving strategy this year to offset my vast capital gains tax. I understand the strategy, but would you be able to confirm… Read more.
Q&A: What is the process for contributions reserving?
Q: I would like to use the contributions reserving strategy this year to offset my vast capital gains tax. I understand the strategy, but would you be able to confirm… Read more.

July 1

Happy new financial year! 

Division 296 tax commencement: 1 July 2025 is the proposed start date for the start of the new Div 296 tax rules for member balances above $3 million. These rules will result in an additional 15% tax being levied on super fund earnings on member balances above $3 million.

Learn more about how the Div 296 tax operates (although these rules have still not been finalised and legislated).

Pension reviews: Now is the time to calculate the minimum pension payment for members in retirement phase. This is based on the member’s age on 1 July and their (prior) 30 June pension balance.

For some members, the minimum pension percentage factor may have increased. For example, a member who turned 65 in the last 12 months would now have an increased minimum pension factor of 5%, up from 4% last financial year. You can refer to the minimum pension factors in the table above.

For all pension members, your minimum pension payment requirements would rarely be the same from year to year due to changes in your pension account balance. You therefore need to consider adjusting any direct debit arrangements where pension payments are made automatically. The main consideration is to ensure that at least the ANNUAL minimum amount is paid out to the member by the end of the financial year ahead, that is, 30 June 2026.

Investment strategy: It would also be a good time to start thinking about your SMSF’s investment strategy for the year ahead. What do your investments look like? Do you need to consider rebalancing if your asset allocations are out of whack? Will the SMSF need to start paying any member(s) a pension this financial year?

Are there any other big events, such as new trustees, that might be on the cards this year? You’ve just closed off one financial year so no need to jump onto these things straight away but do put them on the radar.

July 5

ASIC fees: For SMSFs with a corporate trustee, take note of your fund’s relevant (ASIC) corporate trustee annual review fee date. This date varies so we have slotted it in here, early in the financial year, to remind you to check this date and to make a note of it.

There may be a late fee if you don’t pay it on time.

July 28

Transfer balance account reporting: Where any transfer balance event has occurred between 1 April 2025 and 30 June 2025, you are required to report these events by lodging a transfer balance account report (TBAR) by this date.

Super guarantee: SMSF trustees should also have received all super guarantee contributions for the period 1 April 2025 to 30 June 2025 for eligible fund members.

GST lodgement: Where your SMSF is registered for GST, your BAS is now due.

Important: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.

Superguide Pty Ltd ATF Superguide Unit Trust as a Corporate Authorised Representative (CAR) is a Corporate Authorised Representative of Independent Financial Advisers Australia, AFSL 464629.