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April 2026 Super booster newsletter

Contribution cap increases: Issues to consider
With contribution caps set to increase, people need to weigh up their options before topping up their super before and/or after 30 June. Read more.
Contribution cap increases: Issues to consider
With contribution caps set to increase, people need to weigh up their options before topping up their super before and/or after 30 June. Read more.
Choosing a lifecycle option for your age group
If your super is invested in a lifecycle fund, or you are interested in exploring your options, SuperGuide’s new lifecycle comparison tool can help. Read more.
Choosing a lifecycle option for your age group
If your super is invested in a lifecycle fund, or you are interested in exploring your options, SuperGuide’s new lifecycle comparison tool can help. Read more.
How to compare super funds in 7 easy steps
If you are considering switching funds, or choosing a fund for the first time, comparing funds has never been easier. Read more.
How to compare super funds in 7 easy steps
If you are considering switching funds, or choosing a fund for the first time, comparing funds has never been easier. Read more.
Indexed options in your super fund: Pros and cons
Index investment options are widely regarded as simple and low cost, but they’re not all created equal so it’s important to understand what you are getting. Read more.
Indexed options in your super fund: Pros and cons
Index investment options are widely regarded as simple and low cost, but they’re not all created equal so it’s important to understand what you are getting. Read more.
SuperGuide news for April 2026
Super wealth boost, Super consumer protections, Calls to move members to retirement phase by default, AI scams increase. Read more.
SuperGuide news for April 2026
Super wealth boost, Super consumer protections, Calls to move members to retirement phase by default, AI scams increase. Read more.
Super fund performance: Monthly returns to April 2026
Super funds bounced back in April despite ongoing volatility and are on course for another positive financial year. Read more.
Super fund performance: Monthly returns to April 2026
Super funds bounced back in April despite ongoing volatility and are on course for another positive financial year. Read more.

2026 year-end superannuation tips and traps

Wednesday 13 May 2026 at 11:00 am AEST

Several superannuation changes take effect on 1 July this year, so ensuring you are in the best position to take advantage of these changes is essential.

In this webinar we will highlight year-end strategies and procedures to achieve the best outcomes from your superannuation this year and prepare for the year ahead.

IN CASE YOU MISSED IT: Watch our previous webinar, Division 296: The new tax on your super savings is now law!

Q: I understand that non-concessional contributions are not permitted where the total superannuation balance exceeds $2.0 million. I was not aware of this rule and made a non-concessional contribution in October 2025. If I withdraw the same amount within the relevant tax filing period, will this contribution still be subject to tax?

A: If your total super balance was $2 million or more on 30 June 2025, any non-concessional contributions made during the 2025-26 financial year will be deemed excess non-concessional amounts (above the contribution cap).

Excess non-concessional contributions attract tax on deemed earnings. The ATO will calculate the deemed earnings amount and this will be added to your other taxable income for the year, along with a 15% tax offset to account for the tax already paid on investment earnings within super.

The ATO will notify your excess contributions and the required steps after you complete your tax return for the year. You can then choose to withdraw the excess non-concessional contribution from super to avoid an additional penalty of 47% tax on the contribution. Making a withdrawal prior to the end of the financial year does not change the amount of tax that applies to deemed earnings or the obligation to make a withdrawal from super to avoid the additional penalty.

Choosing to lock money away in super until you’re at least 60 can seem like a crazy idea when you’re young, but it could be one of the best financial choices you ever make. Find out the benefits of contributing early.

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.