ATO Corporate Plan 2025–26: What SMSF Trustees Need to Know

The ATO’s Corporate Plan for 2025–26 highlights a renewed focus on keeping the super system fair and secure. For SME owners and retirees with self-managed super funds (SMSFs), there are clear takeaways. 

Why On-Time Lodgments Matter 

Late SMSF returns don’t just bring fines — they can block your fund from receiving contributions or rollovers when you need them most. Timely lodgments keep your fund compliant and your retirement savings strategy on track. 

Act on ATO Directions Quickly

 When the ATO issues directions about excess contributions or balance adjustments, prompt action is essential. Ignoring deadlines risks the loss of valuable tax concessions and greater scrutiny for your fund. 

Steer Clear of Early Access Schemes 

Withdrawing super before you’re legally entitled may seem tempting but can trigger major tax penalties and even trustee disqualification. Protect your retirement nest egg by avoiding schemes that promise early access. 

Stay Vigilant Against Fraud 

SMSFs remain a target for scammers. Protect logins, double-check unusual requests, and monitor activity closely. The ATO is increasing its fraud prevention efforts, but trustees must remain proactive too. 

At Lockwood & Ward, we guide trustees through compliance while helping safeguard long-term retirement confidence. If you’d like tailored SMSF support, we’re here to help.

 Contact Lockwood & Ward on (02) 9299 7044 or stop by Level 9, 50 Clarence Street, Sydney NSW 2000.