Maximise Your 2025 Tax Deduction – Super Payments Due Before 13 June
As we approach the end of the 2025 financial year, we wanted to remind you of an important opportunity to optimise your tax position.
Claim Your Superannuation Contributions This Financial Year
To claim a tax deduction for superannuation contributions in the 2024–25 financial year, the payments must be received by your super fund before 30 June 2025. Because superannuation clearing houses (including the ATO’s Small Business Superannuation Clearing House) can take up to 10 business days to process payments, we recommend making all contributions no later than Friday, 13 June 2025.
Contributions are only deductible in the year they are received by the fund, not the date they’re paid to the clearing house — so early action is critical.
Maximise the $30,000 Concessional Contributions Cap
The concessional superannuation cap for the 2024–25 financial year is $30,000. This cap includes:
Employer Super Guarantee (SG) contributions
Salary sacrifice amounts
Personal contributions claimed as a tax deduction
If you are an individual, you can make additional personal super contributions and claim them as a tax deduction on your 2025 tax return — a valuable strategy to both reduce your taxable income and build your retirement savings.
For example, if you're taxed at 32% (including Medicare), contributing an extra $10,000 to super (and claiming it as a deduction) could save you up to $3,200 in tax, while the contribution is taxed at only 15% inside super.
A Tip for Business Owners
If you’re a business owner who is not an employee of your business (such as a sole trader or a partner in a partnership), you can still take advantage of this strategy by making a personal concessional contribution to your super before 13 June, and claiming it as a tax deduction.
This is a great way to reduce your overall tax liability for the year, even if your business doesn’t pay you a formal wage.
Act Early to Avoid Missing Out
Ensure all super contributions are received by your fund by 30 June 2025 to claim the deduction this financial year.
Make payments via your super clearing house or direct to your fund by Friday, 13 June 2025 to allow for processing times.
Check payroll software and fund processing times for any earlier internal deadlines.
Super Checklist – Before 30 June 2025
1. Make Super Payments Early – Before 13 June
Super payments must be received by the fund before 30 June to claim a tax deduction this year.
Because clearing houses take time, we recommend paying by Friday, 13 June 2025.
2. Maximise the $30,000 Cap
You can contribute up to $30,000 in concessional (tax-deductible) super contributions for 2024–25.
This includes:
Employer super
Salary sacrifice
Personal contributions you claim as a tax deduction
3. Want to Save on Tax?
Personal contributions to super can be claimed as a tax deduction – reducing your taxable income and your tax bill.
Example: Contributing $10,000 could save you up to $3,200 in tax, depending on your tax rate.
4. Business Owners – Don’t Miss Out
If you own a business but don’t pay yourself wages (e.g. a sole trader or partner), you can still make a personal super contribution and claim a tax deduction.
Just make sure it's paid by 13 June!
Need Help? If you're not sure how much you’ve contributed, whether you can add more, or how to make the payment, let us know — we're happy to guide you through it.
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