As we are officially in a new financial year, there are two key topics to keep in mind when it comes to SMSFs:
- The Super Guarantee Contribution (SGC) amount increased to 12% (from 11.5%) from 1 July 2025. Although it's a small amount, remember to capture the increase in your servicing calculators and be in the know if your customer mentions it to you.
- There's a lot of talk around the new tax on super balances over $3M. One point often missed in the chatter when it comes to SMSFs is, it's not on the total SMSF balance, but an individual's total super balance.
As a broker it is important to keep aware of the key changes in superannuation while equally making sure you keep your conversations to credit advice.
If you have a SMSF scenario, reach out to your CHL BDM or Connective Elevate BDM today!
Read next article >
