Menu

Your 2025 SMSF Compliance Checklist

smsf checklist

Taking charge of your super with an SMSF gives you freedom and flexibility, but it also brings extra responsibilities. At TOP SMSF, we’re here to help—and we recognise that keeping up with changes from the Australian Tax Office can feel daunting at times. That’s why we’ve put together this straightforward cheat sheet for 2025. With our practical tips and your commitment, you’ll protect your retirement savings and avoid any nasty surprises.

Quick Reference: 2025 SMSF Compliance Checklist

1. Lodge your annual return—on time, every year
Don’t let a missed deadline put your fund in hot water. Late returns can mean penalties or having your account frozen.

2. Get asset valuations right
All assets must be valued at market rates as of 30 June. Use independent information (like recent sales or bank statements) and keep the paperwork in a safe spot.

3. Keep your paperwork tidy
Trust deeds, meeting minutes and decisions, plus trustee declarations—make sure everything’s up-to-date and signed.

4. Respond quickly to ATO requests
If you’re sent an official notice or need to report pension payments, don’t delay. These deadlines matter for your fund’s status.

5. Review your investment strategy
Do this at least once a year, and after major changes (like buying a property or changing trustees). Jot down your reasoning for how you’ve split your investments and managed risks.

6. Never access your super early unless the rules allow
Tempted by those schemes promising quick cash? They nearly always end in regret, with extra taxes and possible bans from being a trustee.

7. Stay alert to fraud and scams
If something looks suspicious, take a step back and double-check. Keeping your fund secure is just as important as growing it.

Tips from the TOP SMSF Team

  • Set up calendar reminders for your key deadlines
  • Go through your records before submitting anything
  • Book an annual review—getting a second set of eyes can make all the difference
  • Contact us right away if you receive an official letter or penalty

Frequently Asked Questions

What’s the most common issue you see?
Easy: Late annual returns. The rules are tighter this year and the ATO is watching closely.

How do I make sure my asset valuations are accepted?
Gather independent info, keep clear records, and show how you’ve chosen the value. When in doubt, ask us!

What happens if I take super out too early?
You could lose thousands to extra taxes and risk losing your trustee role. Always check with us before making withdrawals.

I’ve received an ATO letter about my pension—what’s next?
Act right away and let us know. Deadlines come fast, and we’ll help you respond correctly.

Need a Hand?

Our team is ready to help you keep your SMSF running smoothly—so you can focus on your future, not the paperwork.
Book a free health check or just give us a ring with your questions. We’re here for you.

Wilbert is a Chartered Accountant. He started his career in accounting with a Melbourne practice, working with clients on all things tax and financial planning. Wilbert holds dual degrees from Monash University – Commerce and Business Information System. His interest in technology led him to creating his own IT practice, Champion IT where he builds website for financial planners and other professionals. He focuses on creating solutions and processes that are efficient, whether this be working on internal systems or working with business owners. When he is not busy with clients or managing his business, he spends most of his time reading, cycling, hiking and kayaking.

Related Posts