Ask Mai & Send Feedback

As the end of the financial year approaches, superannuation remains one of the most powerful, and most commonly missed, tax planning strategies available.

In this episode of the My Accounting Advantage podcast, Mai explains how the right superannuation strategies, implemented before 30 June, can materially reduce tax while supporting long‑term wealth creation. 

She breaks down the difference between concessional and non‑concessional contributions, how salary sacrifice and top‑ups can be used strategically, and why tax savings should be viewed as a return on investment rather than a compliance outcome. 

Mai also discusses when a self‑managed super fund may be appropriate, the responsibility and compliance involved, and why control over investment choices is often a key driver for business owners and investors.

A key focus of the episode is the importance of tax planning before year‑end, including reviewing projected taxable income and identifying unused concessional contribution caps from prior years, a strategy that can unlock significant tax savings when cash flow allows.

In this episode, Mai covers:

• Why superannuation is one of the most underutilised tax planning tools
• The difference between concessional and non‑concessional contributions
• How salary sacrifice and member top‑ups reduce taxable income
• When a self‑managed super fund may, or may not, be appropriate
• The real cost and responsibility of running an SMSF
• How carried‑forward concessional caps work
• Why tax planning must occur before 30 June
• The difference between tax processing and true advisory support

Decisions made at EOFY without proper advice can’t always be undone. Taking the time to assess your position, understand your available strategies, and plan ahead can make a lasting difference, not only to your tax bill, but to your long‑term financial outcomes.

Mai has created an information pack to help understand super contributions and EOFY strategies. To get your copy:

• Visit myaccountingadvantage.com.au
• DM “Super” on Instagram @the_maiharris

Learn more about My Accounting Advantage

Disclaimer

The advice contained in this presentation is general in nature only and should not be acted on without first seeking professional advice.

Your personal circumstances have not been taken into account, and you should consider the appropriateness of the advice to your individual needs.