The SMSF Coach

28/04/2026

New Blog Post from SMSF Coach on The Ultimate SMSF End of Financial Year Checklist 2026 - https://mailchi.mp/20dfdc7556cb/new-blog-post-from-smsf-coach-5811842
As the end of the 2026 financial year approaches, self-managed superannuation fund (SMSF) trustee must prioritise tasks to optimise their strategies. Key actions include reviewing contribution limits, pension payments, tax implications, and ensuring compliance with regulatory changes.

22/04/2026

New Blog Post from SMSF Coach on R11 Key Considerations Before Setting Up an SMSF - https://mailchi.mp/164f8e1d870c/new-blog-post-from-smsf-coach-5811743

19/04/2026

SMSF set-up costs clarification

The ATO provided guidance for individuals who pay for the SMSF setup costs personally, in order to assist them with correctly claiming a reimbursement from the fund.

To do this correctly, the ATO states that:

-The SMSF must charge the costs against the individuals’ benefits,

-The individual should seek reimbursement as soon as the fund has enough cash, and

-The trustee(s) should ensure that the reimbursement relates only to costs incurred in setting up the fund – not for other services.

When done properly, the ATO will not consider such a reimbursement to be a contribution, a borrowing or the provision of financial assistance to a member.

However, where an individual does not seek reimbursement for setup costs charged to the fund, the ATO has indicated that it will treat the payment of these costs by the individual as a contribution.

NOTE: The ATO also issued a reminder that SMSF establishment costs are capital expenses and cannot be claimed as a tax deduction. While also reminding fund trustees that they cannot be paid for the performance of any trustee duties, even if they set the fund up themselves.

16/04/2026

⚠️ Attention SMSF Trustees with second Retail or Industry Fund for insurance ⚠️

Are you leaving a small balance in your industry or retail super to keep your life insurance active? You must set up an annual direct debit for a contribution or use your fund’s opt-in process — or risk losing your cover.

Dylan (surname withheld for privacy), a 44-year-old father of three from NSW, paid $350 a year for $358,000 in death and disability cover. As a self-employed architect, he went 16 months without a contribution to his fund. Under the Protecting Your Super (PYS) laws, his insurance was automatically cancelled — even though he had money in the account.

His fund sent three warning emails. He deposited $200 but missed the final opt-in click. In 2023, he passed away without coverage, leaving his family financially exposed.

For SMSF Trustees this is a very real risk that in concentrating on their SMSF, they forget to keep an eye on the old super fund holding their insurances.

For background, many SMSF trustees retain the insurance in their old fund due to health issues that mean they can replace or transfer or just because of the cost to replace a group cover.

💡 Protect yourself:
Set up a yearly contribution via direct debit
Formally opt-in with your super fund to keep your insurance active

Don’t let your insurance vanish silently — act today!

15/04/2026

New Blog Post from SMSF Coach - Red Flags to Watch Out For When Considering and SMSF - https://mailchi.mp/30a748e68b2d/new-blog-post-from-smsf-coach-5811556

12/04/2026

Are you Retirement Ready? Now is the only answer to the question "is the the time to plan?"

Based on ASIC-commissioned research surveying 2,065 Australians aged 45–75, with the findings below reflecting respondents aged 50–66. Source: Moneysmart Key Research Findings, ASIC 2024.

09/04/2026

New Blog Post from SMSF Coach

Australia and New Zealand share more than just the Tasman Sea. We share currency conversations, sporting rivalries, and — for many Australians with family ties, holiday-home dreams, or investment instincts — a temptation to buy property across the ditch.

The question I receive more frequently than you might expect is: "Can my SMSF buy a property in New Zealand?"

- https://mailchi.mp/3a9154246901/new-blog-post-from-smsf-coach

07/04/2026

Payday Super affects SMSFs as well. Is your SMSF Bank account NPP Enabled?? (I didn't know what it meant either!!!)
Read this article form Lyn Formica from Heffron who breaks PayDay Super requirements down in to plain English. https://www.heffron.com.au/news/payday-super-and-smsfs-what-accountants-and-advisers-must-do-by-1-july-2026-heffron
I did some checking too:

Macquarie CMA
Oh and as most are using Macquarie CMA I asked!! and "Yes, the Macquarie Cash Management Account (CMA) is NPP-enabled, allowing users to send and receive real-time payments. Clients can make near-instant transfers to other NPP-enabled institutions and receive funds instantly using their BSB and account number.

ANZ V2 Plus - Good as well!!
Yes, the ANZ V2 Plus account is capable of receiving near real-time payments, as it supports inbound New Payments Platform (NPP) receipts.
ANZ
Key details regarding V2 Plus and NPP functionality:
Inbound Payments: The account can accept real-time payments, allowing faster access to funds.
PayTo Compatibility: ANZ V2+ Broking accounts allow PayTo payment agreements to replace existing direct debits, utilizing the NPP for processing.
Transactional Capability: The account is designed to allow customers to make and receive payments on demand, supporting the settlement of trades.

NAB SMSF Account
Yes, NAB SMSF accounts, specifically the NAB Cash Manager, are New Payments Platform (NPP) enabled.
Here are the key details regarding NPP capabilities for NAB SMSF accounts:
Faster Payments: The NAB Cash Manager account supports NPP, allowing for near-instant (often under 60 seconds) receipt and transfer of funds, 24/7.
Osko and PayID: The account allows you to use Osko for fast payments and set up a PayID (such as an ABN) to receive funds almost instantly.
Existing vs. New Accounts: While newer NAB Cash Manager accounts are NPP enabled, it is important to ensure your account is specifically set up for these features.
Requirement for 2026: As of April 2026, it is recommended that SMSFs use NPP-enabled accounts to prepare for "payday super" requirements starting 1 July 2026.

CBA SMSF CDIA account
Yes, CommBank (CBA) SMSF accounts, specifically the CDIA (Cash Deposit Investment Account) used for SMSFs, are NPP (New Payments Platform) enabled.

Key details regarding CBA SMSF accounts and the NPP:
Fast Transfers: As of July 2023, fast outward transfers on the NPP have been enabled for these accounts.

Real-time Capabilities: The NPP allows for near real-time payments, including Osko and PayID functionality, which is essential for managing SMSF contributions and expenses.
SuperStream Compliance: While CBA provides the bank account, you must ensure you have an Electronic Service Address (ESA) for your SMSF to receive contributions data, as the bank itself does not act as the SMSF messaging service provider.
For optimal use, you should ensure your SMSF account is set up with an ESA and that you are using the CommBank app or NetBank for 24/7 access to these faster payment services.

Learn how payday super from 1 July 2026 affects SMSFs. Practical guidance for accountants and advisers on NPP accounts, MVRs, contribution timing and concessional cap risks.

04/04/2026

New Article from your SMSF Coach - https://mailchi.mp/a00f2a6122ff/new-article-from-your-smsf-coach-5811310

Sonas Wealth incorporating SMSF Coach is a full Service Financial Planning firm with expertise across SMSF, Industry funds, Retail Funds and Trusts and other entities. We identify and provide education and coaching on the best solution for you!

14/03/2026

6th…. Tommy O’Brien____Speedster!!

5th…..Tommy O’Brien____brilliant

4th….Murray!!!

3rd….Bally!!!

2nd …Superb Sheehan

1st Sweet Osborne try to start!!!