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June 2025 Retiree newsletter

Aged care reforms: Changes to services, increased costs
The cost of in home and residential aged care is set to rise under sweeping reforms, but the start date has been pushed back to give the sector more time… Read more.
Aged care reforms: Changes to services, increased costs
The cost of in home and residential aged care is set to rise under sweeping reforms, but the start date has been pushed back to give the sector more time… Read more.
Case study: Choosing the right super death benefit nomination
It may seem like a simple matter to leave your super to your loved ones when you die, but choosing the wrong type of nomination can have costly unintended consequences. Read more.
Case study: Choosing the right super death benefit nomination
It may seem like a simple matter to leave your super to your loved ones when you die, but choosing the wrong type of nomination can have costly unintended consequences. Read more.
Age Pension Work Bonus: How it works and case studies
Age Pensioners may be surprised how much they can work and earn additional income without impacting their pension. Read more.
Age Pension Work Bonus: How it works and case studies
Age Pensioners may be surprised how much they can work and earn additional income without impacting their pension. Read more.
Pension fund performance: Monthly returns to June 2026
Pension funds capped off FY26 with the median Growth option up 10.8% for the year, extending a strong run despite Middle East tensions and lingering inflation concerns. Read more.
Pension fund performance: Monthly returns to June 2026
Pension funds capped off FY26 with the median Growth option up 10.8% for the year, extending a strong run despite Middle East tensions and lingering inflation concerns. Read more.

The Recontribution strategy: Opportunities and strategies to get the best outcomes

Thursday 24 July 2025 at 4:00 pm AEST

This webinar will show you how the Recontribution strategy works and the process required to maximise the tax effectiveness of your retirement savings.

Q: I was born in September 1957 and am fully retired (I won’t pass the work test requirement). As I will turn 67 in September 2025, but still want to contribute the max $30K concessional contribution allowed for FY 25-26

1) Do I need to contribute the full $30K and submit the “Notice of intention to claim a tax deduction” BEFORE I turn 67 years old in Sep? Or

2) I am only allowed to contribute a pro-rata of the $30K ($30K * 2/12 for July & Aug) and submit the “Notice of intention to claim a tax deduction” before I turn 67 years old in Sep? Or

3) I am only allowed to contribute a pro-rata of the $30K ($30K * 2/12 for July & Aug) and submit the “Notice of intention to claim a tax deduction” any time in FY25-26?

Please let me know so that I can plan in advance.

A: You can make personal tax-deductible contributions up to the full amount of the concessional cap at any time prior to turning 67 without meeting the work test. There is no need to make a pro-rata adjustment for a part year.

If your total super balance is below $500,000 on 30 June 2025 and you have any unused concessional cap space from the five prior financial years, you may also use the carry forward of concessional contributions to contribute more than the usual annual cap before turning 67.

The notice of intent to claim a tax deduction can be supplied to the fund either at the time of the contribution or after the contribution is made and before your tax return for the financial year is submitted.

Contributions made after your 67th birthday cannot be used to claim a tax deduction unless you meet the work test during the financial year the contribution is made.

Your investment strategy for superannuation throughout your retirement is unlikely to be ‘set and forget’. If it’s been a while since you thought about a reset, it could be time for some housekeeping. Learn about how to create an investment strategy for retirement.

Important: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.

Superguide Pty Ltd ATF Superguide Unit Trust as a Corporate Authorised Representative (CAR) is a Corporate Authorised Representative of Independent Financial Advisers Australia, AFSL 464629.