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Australians are being urged to improve their retirement outcomes by taking advantage of superannuation tax benefits before the end of the 2025-26 financial year.
Health industry super fund HESTA has revealed that more than half of its members polled in new research did not plan to act before the window closes on Tuesday 30 June, with many not sure about the options available to them.
For those still in the workforce, around one in three pointed to cost-of-living impacts as a key barrier.
HESTA CEO Debby Blakey said the findings were a wake-up call, so the fund created a 'Super Saturday' concept to raise awareness of the opportunities available that could make a real difference to Australians' retirement – and which can be achieved in only an hour of your time.
"Given cost-of-living pressures, top-up contributions will not be suitable for everyone, but there are other options and it's a great opportunity to check in on your super," Ms Blakey said.
"Small steps can help, like seeing if you're eligible for the government co-contribution, consolidating old accounts or considering your retirement strategy. Understanding where you are now and where you are heading builds confidence and supports future decision-making."
HESTA's member activity typically surges in June compared to the rest of the year, with prior years' data showing a quadrupling of voluntary contributions and six times the value of spousal contributions, as well as a 30 percent increase in salary sacrifice contributions.
However, the new research showed mixed awareness of the tax benefits available – and 57 percent of those polled said they would be more likely to act if they had simple assistance such as a step-by-step guide, a personalised nudge to act, and a simple calculator.
"We've launched Super Saturday as our research suggests people are more likely to act if they have access to simple guidance and encouragement," Ms Blakey said.
"As the tax time window closes, we want more Australians to take the opportunity to put their financial futures first."
HESTA's top five tips for effective action before the end of this tax year:
1. Consider topping up your super
You can make a personal after-tax contribution to give your balance a boost. If you have unused before tax caps from previous years and a total super balance under $500,000 at 30 June 2025, you may also be able to make catch-up contributions. Check your MyGov account for the amount that you may be able to contribute.
2. Check if you're eligible for the government co-contribution
If you earn under the income threshold ($47,488 for 2025-26) and make a personal after-tax contribution, the government may add up to $500 to your super. You may still receive a partial co-contribution if you earn up to $62,488.
3. Think about splitting contributions
You can transfer some of your super contributions into your spouse's account. This can help even up balances and may have tax benefits for your household.
4. Combine multiple super accounts to reduce fees
If you have super accounts with other funds, bringing them together into one account means you stop paying multiple sets of fees, so more of your money stays working for you.
Check your balance, investment strategy and fund's planning tool so you know where you stand and where you are heading.
For more information, please visit HESTA's Super Saturday site.
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