Carey Group SMSF Newsletter

Maximise Your SMSF Contributions Before 30 June 2025

As 30 June approaches, now is the time to review your super contributions to ensure you’re making the most of the available superannuation contribution caps for the 2025 financial year.

If you have a Self-Managed Super Fund (SMSF), timing and strategy are key. Don’t miss your chance to boost your retirement savings while managing your tax position.

2025 Superannuation Contribution Caps

For the 2024–25 financial year, the Australian Taxation Office (ATO) has increased both the concessional and non-concessional contribution caps:

• Concessional contributions cap: $30,000
  This includes employer contributions (such as Super Guarantee), salary sacrifice amounts, and personal contributions that you claim as a tax deduction.

• Non-concessional contributions cap: $120,000
  These are after-tax contributions made from your personal savings that you do not claim a tax deduction for.

If you’re under age 75 and meet eligibility criteria, you may also be able to bring forward up to $360,000 in non-concessional contributions over three years.

Why SMSF Contribution Timing Matters

To ensure contributions count for the 2024–25 financial year, they must be received into your SMSF’s bank account before 30 June 2025 – not just processed or transferred. This is a critical distinction. Bank delays or missed cut-offs could mean your contribution lands in the next financial year, affecting your strategy or causing you to exceed your cap.

Benefits of Contributing Before 30 June

Making full use of your SMSF contribution caps before financial year-end can:

• Increase your retirement savings

• Allow you to reduce taxable income through deductible concessional contributions

• Boost the long-term growth of your super in a low-tax environment

• Help fund future SMSF investments, including commercial property

Need Help with Your Contribution Strategy?

SMSF rules can be complex, and what works best will depend on your personal circumstances, super balance, and income structure.

If you’re unsure how much you’ve contributed so far, whether the bring-forward rule applies to you, or how to optimise your contributions, our SMSF specialists are here to help.