The development of efficient heterostructures combining covalent organic frameworks (COFs) and ideal semiconductors can significantly improve photocatalytic performance for pollutant degradation. Herein, we present the design, synthesis, and characterization of a core‐shell‐structured nanocomposite comprising covalent triazine framework‐encased Fe3O4 magnetic particles employed as a heterojunction photocatalyst for activating peroxymonosulfate (PMS) in phenol degradation. The distinctive internal structure between the TpMa shell (Tp=2,4,6‐trihydroxy‐1,3,5‐benzenetricarboxaldehyde, Ma=melamine) and the Fe3O4 core (Fe3O4@TpMa) facilitated charge transfer and accelerated charge separation. Furthermore, PMS served as an electron acceptor, enhancing photogenerated charge separation and maximizing the production of reactive oxygen species. The Fe3O4@TpMa/PMS system demonstrated remarkable photocatalytic performance and stability, achieving complete phenol degradation (10 mg L−1) in 40 min. The exceptional photocatalytic activity resulted from the synergistic effect of ⋅OH, SO4⋅−, O2⋅−, 1O2, and h+ generated in the Fe3O4@TpMa/PMS system during the degradation process. Overall, this material offers excellent potential for solar‐driven pollutant degradation and enables the development of COF‐based materials for wastewater treatment applications.