Maximise current contribution caps
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Have you used your full $30,000 concessional cap for 2025–26? This includes your employer's 12% super guarantee, salary sacrifice, and any personal contributions you plan to claim as a tax deduction.
Do you have unused concessional cap amounts from prior years to carry forward? This is available if your Total Super Balance (TSB) was below $500,000 on 30 June 2025. Note that unused 2020–21 amounts expire permanently on 30 June 2026.
Have you considered a non-concessional (after-tax) contribution up to $120,000? Your TSB must be below $2.0M on 30 June 2025. If your TSB is below $1.76M, the bring-forward rule allows up to $360,000 this year, rising to $390,000 from 1 July 2026.
Plan across this year and next
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Would it be more effective to contribute now or after 1 July 2026? From 1 July 2026, the non-concessional cap increases to $130,000, and the bring-forward to $390,000.
Have you mapped a two-year contribution strategy? In some cases, contributing $120,000 this year and then $390,000 in 2026–27 under the new higher bring-forward cap may produce a better outcome than triggering the bring-forward now. Sequencing depends on your balance, age, and circumstances.
Check your Total Super Balance (TSB)
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Do you know your current TSB across all funds? Your TSB is the combined balance of all super accounts and determines eligibility for non-concessional contributions, carry-forward, spouse offsets, and other thresholds. Check via myGov or ATO Online Services.
Was your TSB close to $2.0M at 30 June 2025? If your balance exceeded $2.0M on 30 June 2025, your non-concessional contributions cap was nil and further after-tax contributions will attract penalty tax. The threshold rises to $2.1M from 1 July 2026, which may restore eligibility.
Are you close to any key TSB threshold? The thresholds measured on 30 June 2025 that determine your rights for 2025–26 are: $500,000 (carry-forward eligibility), $1.76M (full bring-forward), $1.88M (partial bring-forward), and $2.0M (NCC nil cap).
Review retirement and pension timing
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Are you planning to start a retirement pension soon? The transfer balance cap (TBC) is currently $2.0M and rises to $2.1M from 1 July 2026. Starting before or after that date can affect how much tax-free retirement phase cap space you access.
Would waiting until after 1 July 2026 to commence your pension improve your position? Starting after the TBC indexes to $2.1M could allow you to hold an additional $100,000 in tax-free retirement phase compared to commencing earlier.
Do you know your personal transfer balance cap and remaining cap space? Your personal TBC is based on when you first commenced a pension and the highest balance ever in your transfer balance account. It is not always the same as the general cap. Check via myGov or ATO Online Services.
Prepare for Division 296
Balances approaching or above $3M
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Is your TSB approaching or above $3M? Division 296 is now law. From 1 July 2026, an additional 15% tax applies to the super earnings attributable to the portion of balances $3M to $10M, and a further 10% above $10M. Both thresholds are indexed to inflation.
Have you modelled your likely Division 296 liability? The tax applies proportionally to earnings above the threshold, not your entire balance. You can pay personally or elect to release the amount from your super fund. Ask your advisor to estimate your annual exposure.
Should you review your super structure, investment strategy or contribution strategy in response? Options worth discussing with your advisor include whether holding assets outside super is more tax-effective above the threshold, whether resetting the cost base of your investments for Division 296 purposes makes sense, and whether withdrawing to reduce your balance below $3M is an appropriate strategy.
Optimise across the family
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Are you making the most of spouse contribution strategies? Contributing up to $3,000 to a spouse earning below $40,000 may entitle you to an 18% tax offset (up to $540). Alternatively, super splitting lets you redirect up to 85% of your concessional contributions to your spouse's account to help equalise balances over time.
Would rebalancing super between partners improve your household position? Equalising balances can maximise combined contribution eligibility, reduce Division 296 exposure, and improve long-term tax efficiency, particularly with rising caps and thresholds from 1 July 2026.
Take action before EOFY
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Have you confirmed all contributions already received by your fund in 2025–26? Contributions count toward your cap in the year your fund receives them. If you have multiple employers or funds, confirm the total before making further contributions to avoid unintentionally exceeding the cap.
Do you know your remaining cap space? Employer SG contributions for Q4 2025–26 are not due until 28 July 2026 and will count against next year's cap. Factor this in if you are close to the $30,000 limit.
Have you scheduled a pre-30 June review with your advisor? Some opportunities cannot be recovered once 30 June passes, including current year contribution caps and the 2020–21 carry-forward amounts.
With 1 July approaching, now is the right time to review your strategy.
From contribution strategies to Division 296 planning, our advisors can help you navigate the changes ahead. Get in touch to make the most of this financial year.