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EOFY is a good time to review your super
EOFY is a time when many people review their finances, and superannuation is an important part of this. Small steps taken now can make a meaningful difference over time.
A few EOFY super moves worth thinking about
- Add a little extra before 30 June (even small amounts can help over time)
- Choose the type of contribution that suits you
- Check for potential extras, like government co-contributions
Options to add to your super (if it’s right for your circumstances)
If you have a little extra cash around 30 June, putting what you can into your super can be a powerful EOFY move. Contributions generally fall into two categories: concessional (before-tax) and non-concessional (after-tax).
Concessional contributions are generally taxed at a lower rate inside super and may reduce your taxable income – and that’s why they’re often the first choice.
Non-concessional contributions come from money you’ve already paid tax on. They don’t reduce your taxable income, but they still help grow your retirement savings.
The best option depends on how you earn income, how much has already gone into your super this year and how close you are to EOFY deadlines. Rules and eligibility vary based on your personal circumstances, like your age, work situation and how you contribute.
1. Concessional (before-tax) contributions
Before-tax contributions can be particularly effective because they may reduce your taxable income while helping grow your super. There are two main ways to make them: through salary sacrifice or by making a personal contributions and claiming a tax deduction later.
Using salary sacrifice
Salary sacrifice means choosing to have part of your pre-tax salary (or sometimes an extra payment, like a bonus) paid into your super instead of your take home pay.
What’s involved
You’ll need to set this up with your employer. You complete a form or agreement, and your employer pays money into your super on your behalf.
Good to know for EOFY
Salary sacrifice only applies to income you haven’t been paid yet. If you’re close to 30 June, there might only be limited time for changes to take effect. Check if annual contribution caps apply, including what your employer has already contributed this year.
Make a personal contribution and claim a tax deduction
You can also make a personal contribution using money from your take-home pay or savings. If you’re eligible, you can claim a tax deduction for that contribution when you lodge your tax return.
This can be a practical EOFY option if you have spare cash and want more flexibility than salary sacrifice allows.
What’s involved
You make a personal contribution directly to your super fund. To claim a tax deduction, you need to submit a ‘notice of intent to claim a tax deduction’ to your super fund and receive confirmation from your super fund before lodging your tax return.
Good to know for EOFY
Personal deductible contributions count toward your annual concessional (before tax) contribution cap, so it’s worth checking how much you have contributed during the year. Super funds may also have processing cutoff dates close to 30 June, so acting earlier can help ensure your contribution counts this financial year.
Catch-up contributions
If you’ve had a career break, worked part-time or didn’t contribute the full amount to your super in previous years for another reason, you might be able to add more now, using what’s called ‘catch-up’ contributions.
What’s involved
If you’re eligible, you make a concessional contribution above the standard annual cap, using unused amounts from previous years.
Good to know for EOFY
Eligibility depends on your total super balance and contribution history. You can check your total super balance and contribution caps in Australian Taxation Office (ATO) Online Services via myGov. This information is updated annually, so it may differ from your current super fund balance.
2. Non-concessional (after tax) contributions
After tax contributions are made from money you’ve already paid tax on, like savings or income. These contributions are non-concessional where no tax deduction is claimed, and they can still help build your super balance over time.
This option may suit people who have already used their before tax options or don’t need a tax deduction right now.
What’s involved
You transfer money from your bank account into your super as an after tax contribution.
Good to know for EOFY
Contribution limits apply, and special rules may allow some people to contribute more within a shorter period. If you’re considering adding larger amounts, you’ll need to check the rules before transferring money.
Eligible for an extra boost?
In some cases, extra money may be added to your super when you make an after tax contribution. This can include:
- Government co-contributions, which may boost your super
- Spouse contributions, which may also provide a tax offset to the contributing spouse
What’s involved
You make an after tax contribution if you’re eligible.
- A personal after-tax contribution to receive the Government co-contribution
- A spouse contribution to receive the tax offset
Good to know for EOFY
Eligibility is based on income and other factors, and EOFY is a good time to check whether either option applies to you before 30 June. For more information about eligibility requirements, visit ato.gov.au.
EOFY actions can feel small in the moment, but they’re often the building blocks of something bigger. Whether you top up your super, make the most of contribution rules, or simply map out a clearer plan for the year ahead, the key is building the habit of checking in and making intentional choices.
Taking considered steps today may help support your financial position over the longer term.
If making a contribution feels right for you, you can log in to your account and take action before 30 June.
You can also visit our contributions education page to learn more about the different contribution types and decide what feels right for your situation.
The information in this article is current as at April 2026 and may be subject to change.