From hlb.com.au: The end of the financial year presents an opportunity for Australians to maximise superannuation contributions and associated tax deductions, particularly focusing on concessional and non-concessional contributions.

Individuals can carry forward unused concessional caps if their super balance is under $500,000, and starting a pension after the transfer balance cap increases on July 1, 2025, can further enhance tax benefits.

It is crucial to stay informed about contribution limits and legislative changes, including proposed taxes on super balances over $3 million, and to consult a financial adviser to navigate these complexities effectively.