How to Maximise Your SMSF: 3 Strategies Every Business Owner Should Know
If you're a business owner with a Self-Managed Super Fund (SMSF), you’ve probably heard all the horror stories, admin headaches, compliance traps, and investment slip-ups that cost people thousands.
But honestly, running your own super fund doesn’t have to be a burden.
With a few smart habits and the right support, your SMSF can be one of the most powerful tools you have to build long-term wealth, stay in control of your future, and yes, actually sleep better at night knowing it's all handled.
So instead of focusing on the mistakes, let’s flip the script.
Here are 3 smart (and surprisingly simple) strategies to help you get the most from your SMSF.
*Don’t have a Self Managed Superannuation Fund yet? Have questions, THIS might be helpful. CLICK HERE.
1. Keep Your SMSF Strategy in Sync With Your Life
Life moves quickly when you're running a business. One minute you're in growth mode, and the next you're planning your exit.
But here’s what often gets left behind in the shuffle: your SMSF strategy.
Just like your business plan, your super strategy should evolve as your life does. Bought a new property? Sold a company? Changed your risk appetite? These are all moments to revisit your fund's investment strategy, contribution plan, and compliance settings.
Real talk:
A strategy that worked for you three years ago might not make sense today.
How to stay in sync:
Set a yearly review date - ideally with your accountant and/or financial advisor.
Check in after major life or business events (new assets, sale of business, family changes).
Ask yourself: “Does this still align with my goals and timeline?”
2. Don’t Let Admin and Compliance Catch You Off Guard
We get it - SMSF admin isn't exactly thrilling.
But it is what keeps your fund legal, efficient, and ready to serve you when you need it most.
Things like keeping your records up to date, lodging your annual return, and staying on top of contribution limits can easily fall to the bottom of your to-do list. But when they do? That’s when things get messy.
What we see too often:
Late lodgements that trigger ATO scrutiny
Missing documents that delay audits
Forgotten contribution limits that mess with tax planning
And here’s the kicker - it’s all avoidable.
Make compliance easier:
Use cloud accounting tools to automate record keeping
Partner with a proactive SMSF accountant (hi 👋) who stays on top of lodgement deadlines for you
Set calendar reminders for key dates - or better yet, let us do it for you
3. Think Long-Term, but Review Regularly
An SMSF isn’t a “set and forget” situation, even though it might feel like it once things are running smoothly.
Yes, it’s a long-term vehicle. But that doesn’t mean you should leave it untouched for years on end.
Here's why regular reviews matter:
Markets shift. Legislation changes. Your goals evolve.
And a simple quarterly check-in can make a big difference - both in performance and peace of mind.
Your 15-minute quarterly checklist:
Review fund performance (are your returns on track?)
Compare asset allocation with your risk profile
Check for any pending compliance tasks
Revisit your retirement or exit timeline
Bonus Move: Surround Yourself With a Support Crew (that you actually like)
We see too many business owners trying to run their SMSF solo, and it’s no surprise they feel overwhelmed or anxious when EOFY rolls around.
Let’s be clear:
You don’t have to be a finance expert to run a successful SMSF. You just need to know what to outsource.
Whether it's compliance, strategy, or just making sure everything is lodged on time - the right accountant or advisor can make your life so much easier.
Not sure if your current setup is working for you?
Book a chat with our team - no jargon, no pressure, just good honest help.
Small Moves, Big Impact
If you’ve got an SMSF, you’ve already taken a big step in owning your financial future. That’s great!
Now it’s about making sure that decision continues to work for you.
Stay engaged. Get the right help. And don’t underestimate the power of small, consistent actions - they compound just like your super does.
Need a hand with your SMSF?
At Kindred Accounting, we help business owners make sense of their super. Clear advice, simplified admin, and an SMSF strategy that actually fits your life.
