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Regular contributions can help your super balance grow and could also help you save on tax.  

Here are three ways to make the most of your super this end of financial year:

• Before-tax contributions: Salary sacrificing is where your employer pays a portion of your salary, before it’s taxed, directly into your super account.This can reduce your taxable income, with contributions also potentially taxed lower than your income.
   
• After-tax contributions: Top up your super whenever you want with money you’ve already paid tax on. This might come from savings or a tax refund and can be a good option if salary sacrificing isn’t offered by your employer. You may have option to claim a tax deduction on after-tax contributions up to a certain amount each year.
   
• Spouse contribution: Did you know your partner can keep your super balance growing if you take a break from work or reduce your hours? A spouse contribution not only boosts your super, but it may also mean a tax offset for your partner. Income thresholds and limits apply.  

To learn more, visit australiansuper.com/campaigns/contribution  

 Before adding to your super, consider your financial circumstances, contribution caps that may apply, and tax issues. Salary sacrifice may affect some Government benefits and employee benefits. Consider getting financial advice before deciding what’s right for you.

Salary sacrifice may affect some government benefits and employee benefits. Consider getting financial advice before deciding if a salary sacrifice arrangement is right for you.

This information may be general financial advice which doesn’t take into account your personal objectives, financial situation or needs. Before making a decision about AustralianSuper, you should think about your financial requirements and refer to the relevant Product Disclosure Statement available at australiansuper.com/pds or by calling 1300 300 273. A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at australiansuper.com/tmd.

Sponsored by AustralianSuper Pty Ltd, ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898