EOFY Superannuation Reminders FY 2025/6

With 30 June approaching, now is a good time to check in on your super and make sure important deadlines and opportunities are not missed.

Whether you are considering additional contributions, reviewing pension requirements, planning a bring-forward strategy or preparing for upcoming superannuation changes, there are several important timing considerations to be aware of before year end.

 

Contribution Deadlines

All super contributions must be received by your super fund before 30 June 2026 to count towards the 2025/26 financial year. To ensure timely processing, we recommend contributions are made by 15 June 2026 to allow sufficient processing time.

After age 75, only mandated employer contributions and downsizer contributions can generally be accepted.

The Super Guarantee rate remains at 12%.

 

Concessional Contributions

The concessional (before-tax) contribution cap is $30,000 and may include:

• Employer Super Guarantee contributions
• Salary sacrifice contributions
• Personal deductible contributions

 

Personal Deductible Contributions

To claim a tax deduction:

• You must have sufficient assessable income.
• A Notice of Intent to Claim (S290-170) must be lodged and acknowledged by the fund.
• Individuals aged 67 to under 75 must satisfy the work test

 

Carry-Forward Concessional Contributions

Unused concessional caps from the previous five financial years may be available, after which they will expire. For example, a 2020/21 unused cap amount that is not used by the end of 2025/26 financial year will expire.

Eligibility requirements:

• Total Superannuation Balance (TSB) below $500,000 at 30 June 2025.
• Individuals under 67 do not need to satisfy the work test.
• Those aged 67 to under 75 must satisfy the work test if claiming a deduction.
• Sufficient taxable income must be available to claim the deduction.

Please contact us before making catch-up contributions to avoid exceeding your available cap.

 

Non-Concessional Contributions

The non-concessional (after-tax) contribution cap is $120,000 per year, or up to $360,000 under the bring-forward provisions.

To be eligible:

• You must not have triggered a bring-forward arrangement during the previous two years.
• Your TSB on 1 July 2025 must be below $2 million.
• The work test no longer applies for individuals under age 75.
• No further non-concessional contributions can be made if your TSB is $2 million or more.

 

Bring-Forward Contributions

Individuals under 75 may be able to contribute up to $360,000 if:

• They have not triggered a bring-forward arrangement in the previous two years; and
• Their TSB is below $1.76 million.

 

Table A FY2025/26 Bring-Forward Limits

Total Superannuation Balance  at 30 June 2025	Bring Forward Amount	Bring Forward Period
Less than $1.76 million	$360,000	Three years
$1.76 million to less than $1.88 million	$240,000	Two years
$1.88 million to less than $2 million	$120,000	No bring forward
$2 million and above	$0	N/A

 

Work Test

The work test only applies to individuals aged 67 to under 75 who wish to claim a tax deduction for personal contributions.

To satisfy the work test, you must be gainfully employed for at least 40 hours within a consecutive 30-day period during the financial year.

Passive income sources such as dividends, rental income and volunteer work do not qualify.

For individuals turning 75, contributions must generally be received within 28 days after the end of the month in which they turn 75.

 

Recontribution Strategy

For couples, where one member has a balance exceeding $3 million and the other member’s balance is substantially lower, a recontribution strategy may assist in managing future Division 296 tax exposure.

Conditions of release and other eligibility requirements apply.

 

Transfer Balance Cap and Pension Payments

If you are receiving an income stream (pension), ensure the minimum pension payment is withdrawn in cash before 30 June 2026. We recommend completing withdrawals by 15 June 2026.

Failure to meet the minimum pension requirement may result in the loss of the fund’s tax exemption on income supporting the pension.

The minimum annual pension factors are:

Age	Minimum pension payment % of account balance
Under 65	4%
65-74	5%
75-79	6%
80-84	7%
85-89	9%
90-94	11%
95 or more	14%

 

Payday Super

From 1 July 2026, employers will generally be required to pay super contributions at the same time as wages are paid (typically within seven business days of payday), replacing the current quarterly payment framework.

 

Division 296 Tax

Division 296 commences from 1 July 2026. Members with balances above $3 million should ensure market valuations are current and consider the implications of the one-off irrevocable modified capital gains tax reset election.

Please contact us if you would like assistance reviewing your contribution strategy, pension requirements, bring-forward eligibility or Division 296 planning before year-end.

 

2026/2027 Considerations.

Effective 1 July 2026:

• Concessional contribution cap increases to $32,500.
• Non-concessional contribution cap increases to $130,000.
• Transfer Balance Cap (TBC) increases to $2.1 million.

 

Table B 2026/2027 Bring-Forward Limits

Total Superannuation Balance at 30 June 2026	Bring Forward Amount	Bring Forward Period
Less than $1.84 million	$390,000	Three years
$1.84 million to less than $1.97 million	$260, 000	Two years
$1.97 million to less than $2.1 million	$130,000	No bring forward
$2.1 million and above	$0	N/A

 

The increase in the TBC from 1 July 2026 may allow larger contributions for some members. Careful timing of bring-forward arrangements is recommended.

Additionally, members who have been thinking of commencing an income stream for the first time, may wish to consider starting one after 1 July 2026 to take advantage of the increased $2.1 million TBC.

 

Need Help?

If you’re unsure how these rules apply to you, or whether action is needed before 30 June, don’t hesitate to contact our team.

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The above summary is intended to be general in nature. Should you believe that any of the above matters may be relevant to you or your Group’s particular circumstances, please discuss the specific details with your Slomoi Immerman Partners adviser.