June 2026
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Super Newsletter
Superannuation EOFY Checklist & Planning Opportunities With 30 June approaching, now is the time to check that your SMSF is on track and to take advantage of any planning opportunities available before year end. Our 30 June checklist highlights the key actions to consider now to help keep your fund compliant, optimise tax outcomes and make the most of available superannuation strategies. If you would like to discuss any of these opportunities, our team is here to help.
What needs to be done before 30 June 2026 1. Have you finalised your contributions for the year? • Concessional contributions (capped at $30,000) must be received by the fund’s bank account prior to 30 June to be counted in the current financial year. Amounts in transit at 30 June may not qualify, which could result in missed contribution opportunities or excess contributions in a later year. • Non concessional contributions (capped at $120,000, subject to eligibility) should be reviewed to ensure caps are not exceeded, particularly where bringforward arrangements may apply. • Consideration should be given to utilising unused concessional contribution caps where available (subject to your total superannuation balance being below $500,000).
• Care should be taken with clearing house or employer contributions, as processing delays late in June may result in contributions being allocated to the following financial year. REMEMBER CONTRIBUTIONS MUST BE RECEIVED BY THE FUND PRIOR TO 30 JUNE, ALLOW FOR PROCESSING TIMES.
2. Have your minimum pension requirements been met? • Minimum pension payment requirements must be satisfied prior to 30 June to ensure the underlying pension retains its tax-exempt status on earnings. • Where pension withdrawals exceed the minimum requirement, consideration should be given to whether the excess should be formally treated as a lump sum commutation, noting the different reporting and tax implications. PENSIONS MUST BE PAID IN CASH – HAS YOUR SMSF GOT THE LIQUIDITY?
3. Tax planning • Consideration may be given to realising capital gains or losses prior to year-end where appropriate to manage the fund’s tax position. • Do your SMSF members have Total Super Balances > $3million? Are you aware of the implications of division 296 taxes, is there any planning or action required before 30 June 2026?