EOFY Super Top-Ups Made Simple
Think you’ve got until 30 June to sort your super? That assumption catches people every year. We sit down with superannuation specialist Marco Mulato to map out the end of financial year moves that matter, the deadlines your super fund might enforce, and the simple admin steps that can decide whether you actually get the tax deduction you were counting on.
We walk through concessional contributions and the $30,000 cap, including how employer contributions and salary sacrifice count towards it, and how to check your real “gap” in MyGov. Marco explains the Notice of Intent to Claim process in plain language, why you must get the fund’s acknowledgement back, and what can go wrong if you roll over, withdraw, or start a pension before the notice is lodged. We also cover catch-up concessional contributions for people under the $500,000 total super balance threshold, and why a bonus, a capital gain, or a high-income year can make carry-forward caps a genuine tax-planning tool.
Listener questions take us into the practical edge cases: what happens if you accidentally exceed the cap, when the government co-contribution is worth it, the income thresholds that apply, and whether you can combine different contribution types. We also talk timing around retirement and redundancy, because shifting a payout into the new financial year can change the tax on annual leave, long service leave, and termination payments by a startling amount. We finish with super basics many people still struggle to find, like pension phase limits, work test rules after 67, inheritance tax triggers, and when it’s time to pay for personal financial advice.
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