Fe–6.5 wt.% Si powder coated with 10 wt.% MnZn(Fe2O4)2 (MnZn ferrite) was successfully prepared by using dry-type stirring ball milling. The Fe–6.5 wt.% Si/MnZn(Fe2O4)2 soft magnetic composites were prepared by subsequent spark plasma sintering. This paper aims at analyzing the microstructure and magnetic properties of Fe–6.5 wt.% Si/MnZn(Fe2O4)2 soft magnetic composites (sintering temperature: 750[Formula: see text]C, sintering pressure: 50 MPa, holding time: 8 min, heating rate: 60 K/min). Based on X-ray diffraction and scanning electron microscopy, microstructure and powder morphology were examined and magnetic measurements on bulk samples were conducted by vibrating sample magnetometer and impedance analyzer. According to the experiments results, Fe–6.5 wt.% Si/MnZn(Fe2O4)2 composites displayed a core-shell structure, and ceramic phase was observed after sintering. The Fe–6.5 wt.% Si/MnZn(Fe2O4)2 composites achieved high resistivity ([Formula: see text] m[Formula: see text]/cm) while maintaining excellent magnetic properties ([Formula: see text] emu/g). Core losses especially at medium and high frequencies were significantly reduced.