Five things to consider before 30 June


We want to make sure you're making the most of existing opportunities to grow your super while avoiding potential tax traps. To take advantage of existing rules – to help maximise your superannuation savings and to minimise your tax – there are a number of things you should consider doing before 30 June.


1. Government co-contributions

If you qualify for the Government super co-contribution, now is the time to make the most of it. If you make a personal contribution to super prior to 30 June 2013, the Government may match 50% of your contribution up to a maximum of $500*.

For the 2012/13 financial year*, those with a "total income" of $31,920 or less who make a $1,000 personal contribution to super are eligible for a maximum Government co-contribution of $500. The co-contribution reduces for each dollar over $31,920, cutting out altogether once an individual's total income reaches $46,920.

2. Concessional contributions cap

The Concessional Contributions cap is $25,000, so now is a good time to check your contributions to make sure you're not going to breach this cap and possibly incur additional tax on any excess contributions.

For confirmation of your year-to-date contributions, and to help ensure you don't exceed the contribution cap, sign in to your account and go to the 'Contributions' section and select the 'Annual contribution caps', or Contact us.

3. Non-Concessional contributions

Consider making an after-tax (non-concessional) contribution to boost your superannuation savings. The non-concessional contributions cap is $150,000 for 2012/13; but if you were aged 64 years or under on 1 July 2012 you may be able to take advantage of the "bring-forward" rule which means you can contribute up to $450,000 over a three-year period.

Contact us or sign in to your account to check your contributions and help ensure you don't breach the cap and pay more tax.

4. Making spouse contributions to super

If you make at least a $3,000 contribution to your spouse's super and their total income is $10,800 or less, you may be eligible to receive a tax offset of $540. If your spouse earns more than this or you make a smaller contribution, the rebate will be smaller (cutting out where your spouse has total income of $13,800 or more).

Contact us to find out more about making a contribution on behalf of your spouse.

5. Splitting spouse contributions

If you are considering splitting 2012/13 contributions with your spouse, please remember you need to make this request before 30 June 2013.



If you have any questions about the above, please contact us for more information.


* Important note: this information is based on legislative amendments to the co-contributions scheme that have not yet been passed into law. If the legislative amendments are not passed, different arrangements may apply. For further information you may refer to the Australian Taxation Office website -


This information has been prepared by Mercer Outsourcing (Australia) Pty Ltd (MOAPL) ABN 83 068 908 912, Australian Financial Services Licence #411980. Any advice contained in this document is of a general nature only, and does not take into account the personal needs and circumstances of any particular individual. Prior to acting on any information contained in this document, you need to take into account your own financial circumstances, consider the Product Disclosure Statement for any product you are considering, and seek professional advice from a licensed, or appropriately authorised, financial adviser if you are unsure of what action to take. "MERCER" is a registered trademark of Mercer (Australia) Pty Ltd ABN 32 005 315 917. Copyright 2013 Mercer LLC. All rights reserved.

SA Metropolitan Fire Service Superannuation Pty Ltd ACN 068 821 750 as Trustee for the SA Metropolitan Fire Service Superannuation Scheme ABN 99 439 309 855.

This website is provided by Mercer Outsourcing (Australia) Pty Ltd (MOAPL) ABN 83 068 908 912, Australian Financial Services Licence #411980. The Trustee pays a fee for the provision of this service, however this fee is not conditional on you using this service or acting on the information or advice provided through this service.