Boost your super before EOFY
Planning to make a personal (after-tax) super contribution to your super account before EOFY? Time is ticking! Ensure we receive your contributions by 30 June 2025.
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Contributing to super can be a fantastic way to save for the future, but there’s an added advantage that’s often forgotten—super offers valuable tax benefits. Here are 4 ways to make the most of tax incentives.
1. Salary sacrifice
Concessional (before-tax) contributions, also known as salary sacrificing, is an arrangement between you and your employer where you agree for them to pay part of your before-tax salary into your super. You nominate how much you pay each cycle and your employer will pay this on top of the legislated 11.5% super guarantee amount.1
What's the incentive?
Instead of paying tax at your marginal rate, you’ll pay only 15% tax on your money as it goes into super (if you earn under $250,000 per year). Keep in mind, a current concessional contribution cap of $30,000 applies for the 2024-25 financial year and there may be additional tax if you exceed your limit.
For example:
Lily is a 30-year-old earning an annual salary of $80,000. She has a super balance of around $80,000. She decides to salary sacrifice $100 a fortnight into her super during her working years. By doing this she could have an extra $141,300 in her super account when she retires at age 67 and save $832 per year on personal tax.2,3
Find out more.
2. The government co-contribution
The government co-contribution provides eligible workers earning less than $60,400 in 2024-25 with a boost of up to $500 to their super if they make after-tax (non-concessional) contributions.
The co-contribution works on a sliding scale depending on how much you earn and how much you contribute.
What's the incentive?
You don’t pay tax on the government co-contribution because it doesn’t form part of your taxable income.
Find out more.
3. Personal super contributions
Personal after-tax contributions (also called non-concessional) are contributions you make to your own super from your take home pay i.e. after tax has been taken out. These super contributions are also known as non-concessional (meaning after-tax) and count towards your non-concessional contributions cap. You can make a one-off super contribution or set up regular, ongoing payments through your employer or financial institution. Keep in mind, the current non-concessional contribution cap and there may be additional tax if you exceed your limit.
What's the incentive?
A non-concessional contribution doesn’t provide you with an immediate tax incentive, but it can reduce your taxable income in the future. This is because investing earnings in your super have a tax rate of 15% and there’s no tax on investment earnings in a Retirement Income account.
You may also be able to change these contributions over to before-tax contributions and you can then claim a deduction on them when you complete your income tax return.
Find out more.
4. Spouse contributions
Spouse contributions are contributions made from your after-tax income to the super fund of an eligible spouse (including a de facto partner). They are classed as non-concessional contributions and the same (non-concessional) rules apply.
What's the incentive?
If your spouse or partner earns less than $40,000 in a financial year and you make a spouse contribution of $3,000 to their super, you may be eligible to receive a tax offset of up to $540.
Calculate how much you could contribute
Making additional super contributions now can make a significant difference to your final balance when you wind-down work—thanks largely to the magic of compound returns.
Check out our
Spare change calculator to see how much you could afford to contribute now and see how it could add up for you in the future.
Keep track of your contribution limits
There are limits to how much you can contribute to super each financial year without incurring additional tax. You can check how much you’ve contributed to your super by logging in to your myGov account. Go to the ATO section, select ‘Super’, then ‘Information’, and review your contributions for the year.
Got a question on super contributions?
We also have experts who can help. Give us a call to chat about contributing to your super. Advice about boosting your super is included in your membership. For more comprehensive advice, you can book in to see one of our experienced financial planners for a competitive fee. Book a call-back today.
Information correct as at 19 May 2025.
