As we enter a new financial year, there are two key topics to keep in mind when it comes to SMSFs:
- Super guarantee contribution (SGC) increase: The SGC amount rises to 12% (from 11.5%) from 1 July 2025. Although it's a small change, remember to update your servicing calculators and be ready if your customer brings it up.
- New tax on super balances over $3 million: One commonly misunderstood point is that this tax applies to an individual’s total super balance — not just their SMSF balance.
What’s important is building your awareness of the key changes in superannuation — while making sure your conversations always stay within the scope of credit advice.
If you have a SMSF scenario, reach out to your Connective Home Loans or Connective Elevate BDM today!
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