Your EOFY checklist: 6 quick tips to boost your super

As we head toward the end of the financial year (EOFY), now is the perfect time to give your super a little extra attention. Whether you're looking to trim down your tax obligations, give your retirement savings a healthy boost or just make sure everything is as it should be before tax time, these six smart strategies are your ticket to super success.

1. Review your contributions and track down missing money 

Missing payments can happen much more than you think – employers miss a contribution, or haven’t increased their super payments to align with the Super Guarantee (for FY24-25 it increased from 11% to 11.5%, and for FY25-26 it will go up again to 12%). So it’s always a good idea to log into your super account to review your super contributions history and ensure everything is in order, but especially as EOFY approaches. If you notice any discrepancies or missing payments, address them promptly with your employer or report it to the Australian Tax Office (ATO) as soon as possible to ensure your retirement savings stay on track. 

2. Consider a super top up to squeeze in an EOFY tax deduction 

If you have a spare bit of cash (whether it be $100 or $1000), an after-tax super contribution received before 26 June 2025 will not only boost your super, but also potentially allow you to claim a tax deduction. Claiming deductions on these contributions can be advantageous if you received any extra income during the financial year, which would otherwise be taxed as personal income. This also applies to the sale of any assets where the gains are subject to capital gains tax.  Complete a ‘Notice of Intent’ form for your fund's acknowledgment, and make sure your fund receives the money before the end of financial year. Remember, limits apply on contributions, and you may incur additional tax and penalties if you go over the caps.

Join our EOFY super webinar to go deeper on tax deductions and super rules, available on May 15, May 27, June 5 and June 10 – register here.

3. Top up your partner’s super for a tax benefit with love

Sending some super your partner’s way has benefits for both of you! If you’re earning more than your partner, making a spouse contribution can potentially allow you to claim a tax offset. If your partner’s annual income is less than $37,000 and you contribute a minimum of $3,000, you can claim the maximum $540 offset. You can claim a partial offset if their income is less than $40,000. Plus, your partner’s super will benefit in the long run from that extra financial uplift. 

4. Get the government to give your super a boost 

Imagine an extra $500 landing in your super fund, courtesy of the government, simply for being proactive about your financial future. If you're a low to middle-income earner making after-tax contributions to your super without claiming a tax deduction, you could be eligible for this often-forgotten-about super boost, the government co-contribution. You’ll receive a co-contribution of up to $500 if you earn between $45,400 and $60,400 in the 2024/25 financial year. You can use the ATO’s co-contribution calculator to estimate your entitlement and eligibility.

5. Get your super in shape with a little TLC

While super is often considered as a ‘set and forget’ kind of investment, there are things you can do to make sure you are making the most of all your fund’s features. If you haven't yet, consider consolidating multiple super accounts into one. Next, put on your investor hat and review your strategy; make sure it's right for your risk level. Don't forget to check if your insurance cover is just right, and while you're at it, ensure your beneficiaries are up to date, so there's no confusion about where you want your money to go when you die. If you're an AMP super member and not sure where to start, book a super health check and get some general advice to keep your super in tip-top condition.

6. Make a New Financial Year resolution to get super close to your super

New financial year, new financial you! Make it your mission for the 2025-2026 financial year to get closer to your super throughout the new year so it’s not all a mad rush at the end. Once you’ve booked your super health check, you can ask to be booked into an Intra Fund Advice session to get more personalised advice on your super (you can also call our contact centre on 13 12 67 to make an appointment). They’ll help you get more serious about your super investment strategy and insurance. You may also want to explore salary sacrifice contributions this year if you haven’t already. 

Topping up your AMP Super

If you're an AMP Super member and would like to make a voluntary super contribution before the end of financial year, head to amp.com.au/contribute.

Super rules can be complex so it’s important to understand any potential risks before making extra contributions. Speak to a financial adviser to work out the best super and tax strategy for your particular circumstances.