Stress less at tax time with these super tips
With 30 June coming up, now’s the time to get your super ready for the end of the financial year.
Personal contributions and salary sacrifice can be great ways to reduce your taxable income while boosting your savings for the future.
Now’s also a good time to assess the fees you’re paying and insurance you have, especially if you have more than one super account.
Here are some tips you could consider to help take the stress out of tax time, and make the most of your super.
Set yourself up for a super year
The below information relates to GESB Super accounts only.
Different rules apply to West State Super and Gold State Super accounts, which mean members may be able to contribute higher amounts. Read more about contributing to West State Super and Gold State Super.
Super is usually taxed at 15% when you make your contributions, which is generally less than the tax you pay on your income, or your ‘marginal tax rate’.
The maximum amount of concessional (before-tax) contributions you can add to your GESB Super account for the 2023/24 financial year is $27,500. Your Member Online account features a concessional contributions cap tracker so you can easily see how much you’ve contributed for the financial year.
If you want to make additional contributions, you can use our contributions calculator to figure out how best to contribute.
You might also be eligible for a top-up from the government if you make a non-concessional (after-tax) personal contribution to your super before the end of the financial year.
If you’ve had more than one job, you may have more than one super account.
Consolidating your super helps reduce your paperwork, avoids doubling up on unwanted insurance premiums, and stops you from paying multiple sets of fees.
You can combine your super by logging into Member Online or via your MyGov account.
If your partner has spent time out of the workforce or they are on a lower income and receiving lower employer contributions, splitting your contributions can help build up their balance.
If you have a higher super balance, splitting contributions and reducing your super could maximise the amount you can transfer tax-free into a retirement account, when eligible (the transfer balance cap is currently $1.9 million).
GESB Super members can split up to 85% of employer contributions (including salary sacrifice) and personal deductible contributions made or received from a previous financial year with their partner.
The amount you can split is still subject to the contribution caps for each financial year.
Checking your contact details and tax file number (TFN) are up to date with your super fund(s) helps protects your money from becoming lost – which happens more than you think. As at 30 June 2023, the ATO reported $16 billion in lost and unclaimed super1.
You can check and update your contact details, as well as your TFN and communication preferences, in your Member Online account.
Other things to check to make sure your super is working for you
Your life may have changed in the past 12 months, so now might be a good time to check your:
- Insurance cover
Make sure your cover is still right for you.
- Investment plan
Check how your investments are tracking and what you’re investing in.
- Binding death nomination
Make sure the people you nominated to get your super when you pass away are still valid.
You can make changes to your account, including cancelling or applying for insurance, changing your investment plan and setting up or changing a binding death nomination, at any time.
Log in to Member Online to see your current account details and make changes.
More information
- Find out about contribution caps and carrying forward contributions
- Learn more about nominating beneficiaries
- Find and manage lost super
Super news
Stay up to date with changes affecting your super and the wider industry, including the latest investment, government and company news.
1 As at 30 June 2023, Australian Tax Office data.
Thank you for printing this page. Remember to come back to gesb.wa.gov.au for the latest information as our content is updated regularly. This information is correct as at 23 June 2026.