Boost Your Super and Cut Tax in 2025

1. Maximise Concessional Contributions

• Cap for 2024–25: $30,000
• These are pre-tax contributions (e.g. salary sacrifice or personal deductible contributions).
• They reduce your taxable income and are taxed at 15% in your super fund (often lower than your marginal tax rate).
• Just remember to Lodge a Notice of Intent form to claim a deduction with your fund first.

2. Catch-Up Contributions

• If your super balance is under $500,000, you can carry forward unused concessional cap amounts from the past 5 years.
• Potentially contribute more than $30,000.

 3. Non-Concessional Contributions

• Cap: $120,000 per year or up to $360,000 over 3 years using the bring-forward rule.
• These are after-tax contributions and not taxed in your super fund.
• Note: You must have a total super balance under $1.9 million as of 30 June 2024 to be eligible.

 4. Spouse Contributions

• Contribute up to $3,000 to your spouse’s super if they earn under $37,000.
• You may receive a tax offset of up to $540

5. Government Co-Contribution

• If you’re a low- to middle-income earner and contribute $1,000 to your super, you could receive up to $500 from the government