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.

Disclaimer

This communication is issued by OnePath Custodians Pty Limited (ABN 12 008 508 496, AFSL 238346) (OPC) as the issuer of the ANZ Smart Choice Super suite of products which includes ANZ Smart Choice Super for employers and their employees. OPC is the trustee of the Retirement Portfolio Service (ABN 61 08 189 263) (RPS) and these products are part of the RPS.

The information provided in this article is of a general nature only and does not relate to any specific fund or product issued by an Insignia Financial Group entity. The information in this document has been prepared without taking account of your objectives, financial situation or needs. Before making a decision based on this information, you should consider the appropriateness of the information, having regards to your objectives, financial situation and needs. You should read the relevant Product Disclosure Statement (PDS) and the Target Market Determination (TMD) before you make a decision to acquire or continue to hold the product. A copy of the PDS and TMD are available upon request by phoning 13 12 87.

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