Super year end reminder — what to check before 30 June
- Adrian De Vito - CPA
- Jun 3
- 3 min read
The end of the financial year is fast approaching. Whatever kind of super you have — an industry or retail fund, or your own SMSF, a few timely checks now can avoid headaches later and help preserve valuable tax and contribution opportunities.
Here are the things worth considering before 30 June.
Contributions — timing matters
Get contributions into the fund by 30 June: For both tax deductibility and contribution cap purposes, cash and electronic transfers generally need to be received by your super fund on or before 30 June.
We suggest at least 5-7 days prior to 30 June to allow for bank processing times.
Personal deductible contributions: If you want to claim a tax deduction for a personal contribution, you must lodge a notice of intent and receive the fund’s acknowledgement by the required deadline (usually before the earlier of lodging the tax return or 30 June the following year).
Starting a pension soon? If you plan to start a pension early in the new year, get your notice of intent processed even earlier — before the pension begins — or you may miss out on claiming the deduction.
Contribution strategies you might use
Carry forward concessional amounts: If your total super balance was under $500,000 at 30 June last year, you may be able to use unused concessional caps from previous years to make a larger deductible contribution this year. This can be useful if you’ve made a larger capital gain in your own name in 2025/26.
SMSF‑only 28‑day allocation rule: If you have an SMSF, a June contribution can be temporarily held and allocated in July so it counts toward the following year’s cap — but it must be documented correctly and allowed under the fund’s deed.
Post‑tax personal contributions and limits
Non‑concessional contributions and bring‑forward: Whether a member can use the bring‑forward rule depends on their total super balance on the prior 30 June.
Some members may be able to bring forward future years’ caps.
Spouse contributions and government co‑contribution: Contributions made by a member for their spouse can attract a tax offset in some circumstances; low‑income members may qualify for a government co‑contribution if they make post‑tax contributions and meet the income test.
Pensions and the transfer balance cap
Minimum pension payments: if your fund is paying you an account-based pension, make sure the minimum for the year has been paid by 30 June 2026. Missing it can create complications and the loss of valuable tax concessions.
Other pension types: these can have their own minimum (and sometimes maximum) amounts that must be met to avoid adverse outcomes.
Transfer balance cap timing: indexation applies from 1 July 2026. If you’re thinking of starting a pension around year-end, timing matters — commencing before or after 1 July 2026 can affect how much you can move into a tax-free retirement pension.
The cap itself: the general transfer balance cap is $2.0 million in 2025/26, rising to $2.1 million from 1 July 2026. Not everyone has access to the full cap — your personal transfer balance cap may be lower.
In you have an SMSF, also check...
Market valuations: Ensure all assets are valued at market on 30 June (or as close to as possible) and supporting evidence is retained — especially for property, related‑party assets and unlisted holdings.
Related‑party arrangements: Confirm leases, rents and services with related parties are documented and commercially reasonable.
Pension paperwork and minutes: Check that pension commencements, commutations and lump sums are supported by correctly signed documents and trustee minutes.
Whatever fund you’re in, two things matter most: if you’re drawing a pension, make sure the minimum is paid; and get any contributions into your fund before 30 June. Miss either and you can lose valuable tax concessions for the year. Don’t leave it to 30 June!
Need a hand with this? Get in touch with the team at Clear Accounting Solutions on (07) 5679 5815 and we’ll talk it through for your situation.
Clear Accounting Solutions
07 56795815
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