The Australian SMSF sector is experiencing major change as trustees respond to looming legislation that will impose a 30% tax on super balances above $3 million. With implementation expected from 1 July 2026, many investors are already rethinking their strategies to protect and grow retirement wealth.
Shifting SMSF Investment Trends
According to the latest SMSF Benchmark Report 2025, trustees are:
- Reducing direct property exposure, especially where farms or commercial property would push balances above $3 million.
- Increasing allocation to diversified managed funds and liquid assets to create flexibility under the new rules.
- Exploring private wealth structuring outside of superannuation, such as family trusts or private companies, to spread assets more tax-effectively.
This reflects a broader reality: SMSFs are no longer just about maximising growth inside super — trustees are now balancing superannuation with external wealth vehicles.
Why This Matters for High-Balance SMSFs
- Property-heavy funds at risk: Illiquid assets such as farmland or business premises could trigger higher tax bills.
- Investment diversification becomes essential: Over-concentration in one asset class increases both compliance and tax risk.
- Private wealth planning is critical: For families with combined balances above $3 million, structuring wealth across SMSF and non-SMSF entities is now the smart approach.
How BOA & Co. Can Help
At BOA & Co. Chartered Accountants, we provide holistic solutions that bridge SMSF and private wealth:
- SMSF tax planning: Optimising fund structures under the new rules.
- Investment structuring: Balancing growth, liquidity, and compliance.
- Private wealth advisory: Using trusts, companies, and estate planning to safeguard intergenerational wealth.
- Compliance confidence: Ensuring your SMSF meets ATO standards and avoids penalties.
Take Action Now
The proposed super tax is still under debate, but trustees and investors cannot afford to wait. Early planning will ensure you protect your hard-earned retirement savings and build a resilient wealth strategy for the future.
📞 Contact BOA & Co. Chartered Accountants today to arrange an SMSF and private wealth consultation.
⚠️ Disclaimer: This article reflects information available as of October 2025. Proposed superannuation changes are not yet law and may be subject to further amendments. Always seek tailored advice for your circumstances.