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If you’re aiming to make a personal superannuation contribution before the end of the current financial year, your actual lodgement deadline is probably just over one week away from now.
That’s because super funds generally have a lodgement deadline that’s about one full business week before June 30 so they have sufficient time to process contributions made into members’ super fund accounts.
Personal contributions, including standard concessional contributions (before-tax), carry forward concessional contributions, and non-concessional contributions (after-tax), that are lodged too close to 30 June run the risk of being carried over into the next financial year.
Self managed super fund (SMSF) trustees typically don’t have this problem, because in most cases their personal super contributions simply involve making an online intrabank transfer from their non-super account to their SMSF’s account.
However, if cash transfers are being made from one financial institution to another, it’s also important for SMSF trustees to allow sufficient time for interbank processing.
Therefore, if you’re intending to make a personal contribution into your SMSF this financial year (30 June falls on a Monday), any contributions must clear into your fund’s account by Friday 27 June.
What you could do before your super fund’s processing cut-off date (or by Friday 27 June if you have an SMSF)?
- Make a concessional contribution: If you’re below the current annual $30,000 concessional contributions limit, you could take the opportunity to transfer some more money into your account to take advantage of the lower 15% tax rate that’s charged on super contributions.
- Make a carry forward (catch-up) concessional contribution: If you haven’t used up all your annual concessional contributions limits over the past five financial years, subject to meeting certain conditions, you may be able to add more than $30,000 (the current concessional contributions limit) into your fund.
- Make a non-concessional contribution: If you have some after-tax money available, perhaps from the sale of another asset, you could consider adding this into your super fund account. The current annual non-concessional contributions limit is $120,000.
Important information and general advice warning
Vanguard Super Pty Ltd (ABN 73 643 614 386 / AFS Licence 526270) (the Trustee) is the trustee of Vanguard Super (ABN 27923449966) and the issuer of Vanguard Super products. The Trustee has contracted Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (VIA) to provide some services to members of Vanguard Super. Any general advice is provided by VIA. The Trustee and VIA are both wholly owned subsidiaries of The Vanguard Group, Inc. (collectively, "Vanguard"). The retirement savings tips provided above are general in nature and don’t take into account your personal financial objectives, situation or needs. You should consider your objectives, financial situation or needs, and the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making any decision about Vanguard Super. The PDS and TMD can also be accessed free of charge by calling 1300 655 101. Before you make any financial decision regarding Vanguard Super, you may wish to seek professional advice from a suitably qualified adviser. Any past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. The information above is current as at time of publication and was prepared in good faith and we accept no liability for any errors or omissions.
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18 June 2025
By Vanguard
vanguard.com.au
15th-July-2025 | 