Before you impulse-buy your way through June, check out these three EOFY super moves to consider instead
In partnership with
All information contained in this article is general advice only.
June 1 hits and suddenly everyone is a tax expert.
Your feed? Full of ‘EOFY deals you can’t miss.’
Your cart? Questionable.
Your justification? “It’s deductible!”
But here’s the thing: Ergonomic chairs and business books aren’t the only way could be eligible for a tax break.
In fact, some of the best EOFY money moves don’t involve shopping at all…and most people completely miss them.
While a new laptop might boost your productivity, there’s a quieter move that could deliver a much bigger return - topping up your super.
Not only are you building your future wealth, but you could also shave down your tax bill in the process.
More tax saved = more money to invest. Simple.
So before you impulse-buy your way through June, here are three EOFY super moves to consider instead:
If you’re employed, as of the 1 June 2026, you’re probably already getting the 12% super guarantee from your employer.
But here’s what a lot of people don’t realise: You can contribute extra to your super yourself and claim a tax deduction while you’re at it.
As of the 1 June 2026, there’s a concessional contributions cap of $30,000 per year. If you’re under that limit, you’ve got room to top up. From the 1 of July 2026, this limit actually increases to $32,500 so you can contribute even more to super in the new financial year.
And if you’ve already hit your concessional contributions limit for this financial year? You might still have room to top up using the carry forward rule we covered in more detail here.
Translation? You could be able to turn spare cash into a lower tax bill and a bigger retirement balance.
Just don’t forget the admin bits:
This last step is especially important - if you miss submitting the NOI form, you risk losing your tax deduction altogether.
The ATO typically advises to complete the form (and have it approved by your superfund) before you submit your tax return for that financial year. To make sure you get these steps right, you can check with your superfund or the ATO website.
Here’s an underrated one.
If your partner earns a lower income, you can contribute to their super and potentially claim a tax offset of up to $540.
To get the full offset:
If you contribute less than $3000, or your partner earns a bit more than $37,000 (but still less than $40,000)? You might still be eligible for a partial tax offset.
Either way, you’re helping grow your partner’s super and getting a little tax perk for yourself.
But remember to always consider your personal financial situation.
If you like the idea of potential tax savings without the effort, this one’s for you.
Salary sacrifice lets you divert part of your pre-tax salary straight into your super.
The benefits?
Like with any major financial decision, it’s important to consider the risks of salary sacrificing and how this might impact your personal situation.
But if you can manage a lower income and your happy to not touch this money again until you retire (or meet another condition of release), then salary sacrificing could be one of the simplest ways to boost your super whilst also optimising your taxes.
If you want to learn more, we’ve got a whole article on the hidden power of salary sacrifice here.
And if you’re going to contribute extra to your super, where you invest it matters too.
Netwealth’s Super Accelerator isn’t just another super fund - they offer a larger range of investment options compared to some other super funds.
With more choice than a typical industry fund, Super Accelerator lets you decide how your contributions are invested, while built-in comparison tools help you pick options that align with your goals and style.
So whether you’re making a last-minute EOFY contribution to reduce your tax bill, or planning ahead for the next financial year, Super Accelerator helps you put that extra money to work.
Remember, an EOFY discount might feel like a win today, but investing that same money (hello, super) is what can really grow your wealth over time.
Flux disclaimer:
The Information contained in this article is general information. It does not constitute legal, tax, credit or financial advice and is not tailored to an individual’s circumstances. You should consider your own personal circumstances and seek advice from your professional advisers before making any decisions that may impact your financial situation.
Netwealth disclaimer:
Netwealth Superannuation Services Pty Ltd issues Netwealth Super Accelerator. Netwealth Investments Limited issues the Netwealth Wealth Accelerator Multi-Asset Portfolio Service. Information contained within this post is of general nature only. Consider whether the products are appropriate for you and seek advice where required. To help you decide, read the PDS or IDPS Guide and TMD available at Netwealth - Super & Investment Solutions - Investors & Wealth Professionals.
The Information contained in this article is general information. It does not constitute legal, tax, credit or financial advice and is not tailored to an individual’s circumstances. You should consider your own personal circumstances and seek advice from your professional advisers before making any decisions that may impact your financial situation.
Sign up for Flux and join 100,000 members of the Flux family
