With the end of the 2024–25 financial year just around the corner, it’s a good time to
pause and check in on your super. Time really does fly, and one thing we often see is
that people leave their extra super contributions to the last minute—and
sometimes miss out altogether.
If you’ve been thinking about topping up your super before 30 June, now’s the time
to get moving.
Check Your Concessional Cap Space via myGov
The concessional contributions cap this financial year is $30,000. If you’re not
sure how much you’ve contributed so far, the quickest way to check is through your
myGov account. Here’s how:
1. Visit myGov
2. Log in and select the Australian Taxation Office (ATO)
3. Go to the Super tab
4. Click on “Information” and then “Concessional contributions”
This will show your contributions to date and how much room you have left before
you hit the cap.
If you get stuck, give us a call—we can talk you through it or send you a direct link.
Non-Concessional Cap Now $120,000
You might also be interested to know that the non-concessional (after-tax)
contribution cap is now $120,000 per year, depending on your total super balance.
If you’re thinking of putting in a larger lump sum or using the bring-forward rule, it’s a
good time to have a chat with us.
Cut-Off Dates – Don’t Risk Missing Out
Even though most funds now process contributions faster, it still takes time for the
money to clear and be applied to your account. To be safe, we recommend you aim
to make any contributions by 20 June—especially if you’re transferring from a bank
account or using BPAY.
We’re Here to Help
If you’ve got questions, want to double-check your cap space, or just want to make
sure everything’s done right—please give us a call. We’re always happy to help you
make the most of your super before the EOFY deadline.
Written by
Robert Smith-Saarinen
Financial Advisor