SMSF News and Strategies Podcast Show · Chris Reed: Certified Practicing Accountant (CPA), FPS and SMSF Specialist Advisor, Director of Business Concepts Group

SMSF NS128: End of financial year strategy planning

·24 min·1 clip

A fund can potentially access $162,500 of concessional contributions in 2025.

1. SMSF News and Strategies Podcast Show episode 128 focuses on end-of-financial-year strategy planning before 30 June. 2. Chris Reid hosts the episode with Sarah Power, and both matter because they walk through SMSF compliance and contribution rules. 3. The episode exists to help SMSF members decide which year-end steps, if any, fit their fund and personal tax position. 4. Chris Reid says the March quarter T-bar was due on 28 April, so anyone who missed it is already late. 5. He also says Labor will still push ahead with Division 296 tax on super balances above $3 million. 6. The first compliance priority is the prior-year audit, especially if the 2024 accounts or audit report showed issues. 7. Chris Reid warns that an audit or contravention report already lodged with the ATO should not be followed by another one for the 2025 year. 8. The next common error is loans to members, which the hosts say can come from wrong-account transfers or wrong-account payments. 9. Sarah Power says the ATO expects those loans to be repaid and may require interest to be charged as part of the fix. 10. The hosts then cover assets held in the wrong name, including bank accounts and investments that must show the trustee details correctly. 11. They say individual trustee structures must list every trustee, while corporate trustee structures must show the company as trustee for the super fund. 12. The next compliance area is related-party lending through limited recourse borrowing arrangements. 13. Chris Reid says those loans need repayments made on time and the correct interest rate charged each year. 14. Sarah Power adds that business premises rented to a related-party business must have rent paid on time and at market value. 15. The strategy section starts with concessional contributions and the standard $30,000 cap. 16. Chris Reid says the 2025 maximum carry-forward amount is $132,500, which can lift possible concessional contributions to $162,500. 17. He also explains that a reserving strategy is only available in SMSFs and can bring next year’s $30,000 cap into this year. 18. Sarah Power says spouse contributions can go up to $3,000, with income tests around the spouse’s taxable income. 19. The episode feels practical and advisory-led, with Chris Reid and Sarah Power moving step by step through planning rules and deadlines. 20. People with SMSFs and year-end tax decisions will get the most from this episode, while listeners wanting general investing talk may skip it.

As heard by us

SMSF year-end planning where timing and paperwork do most of the work.

End-of-financial-year SMSF planning gets treated as a tight, practical window where caps, paperwork, and timing all have to line up. Chris Reid and Sarah Power keep it grounded, moving from contribution deductions to the carry-forward report and then into reserving, so the…

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Use the weeks before 30 June to tighten your SMSF plan.

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