From rising interest rates to inflation and complex superannuation rules, the stakes are higher than ever. Australians are falling into familiar financial traps — many of which can be avoided.

The government is considering further changes to the superannuation system, building on recently legislated tax on super balances over $3 million. This signals a clear shift in how Canberra views super: not just as a vehicle for retirement income, but as a source of revenue and redistribution. For Self Managed Super Fund trustees and high-balance investors, the writing is on the wall — and strategic planning is more important than ever.

As the financial year draws to a close, trustees of Self Managed Super Funds (SMSFs) must shift their focus to compliance, reporting, and strategic planning. Whether your SMSF is focused on shares, cash, or direct property, the 30 June deadline is non-negotiable—and so are your obligations.

With the federal election looming, superannuation has once again become a political football.