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Super news for June 2026
Death benefits review, ATO protects super transactions from fraud, Super assets and mega funds on the rise, Ban on advertising super funds to new employees
Upcoming webinar
Making the most of your SMSF in FY27
Thursday 16 July 2026 at 11:00 am AEST
FY 2027 is already shaping up to be a monumental year for SMSF trustees and members. With increases to contribution caps and further indexation to the pension limits, now is the time to be putting in place your contribution, pension, and investment strategies for the 2027 financial year.
You may also need to prepare your SMSF for Division 296 tax, which starts on 1 July 2026. SMSF trustees need to understand and maximise the transitional rules for FY 2027
IN CASE YOU MISSED IT
Watch our previous webinar, SuperGuide members Q&A: June 2026
Q&A of the month
Q: I have fully used my $120,000 non-concessional contribution for FY26. My employer concessional contributions exceed the $30,000 cap for FY26.
When my returns are filed after 30 June 2026, will I get an opportunity to withdraw the excess concessional contribution so it doesn’t count as non-concessional contribution and therefore doesn’t trigger the bring forward rule?
A: Thanks for getting in touch.
Under the carry forward rule, concessional contributions above $30,000 during 2025–26 may not cause you to exceed your concessional contribution cap if your total super balance was below $500,000 on 30 June 2025 and you have available unused cap space from any of the previous five financial years.
If do you exceed your concessional contribution cap, the ATO will provide you with the option to withdraw up to 85% of your excess concessional contributions after your super fund finalises contribution reporting for the year. The remaining 15% is not available to withdraw because it has been used to pay contribution tax.
If you choose to withdraw the entire amount offered to you, your excess concessional contributions will not count towards your non-concessional cap.
If you withdraw less than the maximum offered, some of your concessional contribution will be counted towards the non-concessional cap.
Learn more about carry forward and what to do if you exceed your contribution caps.
Tip of the month
If you’ve been hearing more about ETFs, or you’re investing in them outside super, have you considered the opportunity to select a mix of ETFs (or even single stocks) for your super? Member direct options can make it happen.
