Your SMSF EOFY Checklist — Don't Leave These Until the Last Minute

30 June is the ultimate deadline in the superannuation world — and it has a habit of sneaking up fast. Whether you're a seasoned SMSF trustee or this is your first run at EOFY, this checklist covers the key things to review before the clock strikes midnight on 30 June 2026.

✅ 1. Make Your EOFY Contributions — And Do It Early

Contributions must be received by your fund before 30 June to count in 2025–26. "Sent" isn't good enough — the money needs to be in the bank account.

For SMSF members making personal concessional or non-concessional contributions, don't leave this until the last week of June. Processing times can eat into your timeline, especially over public holidays or high-volume periods.

What to review:

• Have you hit your $30,000 concessional cap? Could you be contributing more using carry-forward amounts?
• Do you want to make non-concessional contributions this year before the cap potentially changes?
• Are you close to the $2 million total super balance threshold that would restrict your eligibility?

✅ 2. Check Your Carry-Forward Concessional Contributions — Before 2020–21 Amounts Expire

This is time-sensitive: unused concessional cap amounts from the 2020–21 financial year expire on 30 June 2026. If you have carry-forward credits from that year and you haven't used them, this is your last chance.

To check your balance: MyGov → ATO → Super → Information → Carry-forward concessional contributions.

You're eligible to use carry-forward amounts if your TSB was below $500,000 at 30 June 2025. If you're eligible and have unused amounts, it's worth talking to your accountant about whether a top-up contribution makes sense.

✅ 3. Ensure Minimum Pension Payments Are Made

If you're drawing a pension from your SMSF, you must draw the minimum required amount before 30 June — no exceptions, no extensions (no temporary reduction has been announced for 2025–26).

The minimum is a percentage of your pension balance as at the prior 30 June:

Age	Minimum Annual Payment
55 – 64	4%
65 – 74	5%
75 – 79	6%
80 – 84	7%
85 – 89	9%
90 – 94	11%
95+	14%

Failing to pay the minimum means your fund loses its pension exemption for that year — that's a significant tax hit.

✅ 4. Review and Update Asset Valuations

SMSF assets must be valued at market value as at 30 June each year. The ATO pays particular attention to:

• Investment properties — you need evidence to support valuations. A rental appraisal from a real estate agent or independent valuation is recommended. If you have a related-party lease (e.g. your business leases the property from your SMSF), the lease must reflect commercial (arm's-length) terms with documented comparables.
• Unlisted investments, private shares, and trusts — these need documented valuation methodologies.
• Related-party trusts — auditors will often ask for trust bank statements, asset and liability schedules, and rent evidence.

Don't wait for your auditor to flag a valuation issue after the fact. Get the evidence on file before year-end.

✅ 5. Lodge Your Personal Tax Deduction Notice (If Claiming a Super Deduction)

If you've made personal contributions to your SMSF and want to claim a tax deduction, you must lodge a Notice of Intent to Claim a Deduction (ATO form NAT 71121) with your fund trustee.

This notice must be given before the earlier of: the date you lodge your personal tax return, or the end of the following financial year (30 June 2027). Don't delay — it's a form, not a financial decision.

✅ 6. Start Thinking About Division 296 (If Your Balance Is Approaching $3 Million)

The new Division 296 tax commences from 1 July 2026. For the first financial year (2026–27), your super balance is assessed at 30 June 2027 — so you technically have until then to review your position. But preparation starts now:

• Get your total super balance across all accounts (not just your SMSF) assessed accurately
• Consider whether the CGT cost base reset election for your SMSF is worth doing — this must be lodged by the due date of your 2026–27 Annual Return, and it's an all-assets decision
• If you're thinking about withdrawing from super or restructuring how you hold assets, model this carefully with your accountant

One More Thing: Make Sure Your Annual Return Is Up to Date

If your SMSF's Annual Return is overdue, the ATO may remove your fund's complying status on the Super Fund Lookup — meaning employers legally can't make contributions to your fund. This becomes even more critical once Payday Super kicks in on 1 July 2026.

The Takeaway

EOFY isn't a once-a-year admin headache — it's a genuine opportunity to optimise how your super is working for you. Whether it's topping up contributions, securing pension exemptions, or getting valuations in order, the work you do before 30 June pays dividends for the year ahead.

This post contains general information only and is not financial or tax advice. SMSF rules are complex and individual circumstances vary. Always consult a qualified SMSF accountant before making decisions about your fund.