The 12 super tips for Christmas

No one can resist a Christmas-themed list, no matter the subject. Here are the 12 super tips for Christmas. Think of them as a gift to your future self: take a moment to review each one and give yourself the best chance of starting 2026 organised, financially confident, and in control. Even a small action today can make a meaningful difference to your financial wellbeing and retirement.

1. Review your super statement

Take the time to review your annual super statement. Check your balance, contributions, fees, and insurance. Use this as a springboard for making informed decisions in the new year. Statements for the 2025 financial year are usually sent between September and November, so check your inbox.

2. Make extra contributions

Making additional contributions can significantly grow your superannuation balance over time, thanks to its long-term investment nature. You can contribute in various ways, most commonly through salary sacrifice or personal contributions, to maximise the amount held within this tax-effective structure.

3. Catch up on missed contributions

If you have not been maximising your concessional contributions or have been out of the workforce, the carry-forward rule may allow you to use up to five years of unused caps, provided your total super balance is under $500,000. This can be especially useful in years when your taxable income is higher or when you have a one-off tax event, such as the sale of an investment property or a well performing share.

4. Nominate your beneficiaries

Super doesn’t automatically form part of your estate. Ensure you have valid beneficiary nominations in place, so your loved ones are looked after. Review these regularly, especially after major life changes.

5. Claim tax deductions for personal contributions

Making a personal contribution and claiming a tax deduction can reduce your taxable income and grow your super. Just remember to lodge a notice of intent with your fund to ensure the contribution is classified correctly.

6. Will you be impacted by the Division 296 tax?

From 1 July 2026, Division 296 tax on superannuation balances over $3 million will apply to realised earnings. For those above this threshold, have you considered the potential implications?

7. Check your insurance cover

Many super funds include default insurance for life, TPD, and income protection. Review your cover to ensure it’s adequate for your circumstances. For SMSFs, each member’s insurance needs must be documented.

8. Consolidate your super accounts

It is easy to end up with more than one super account, especially if you have changed jobs over the years. Consolidating into a single fund can reduce fees and make managing your retirement savings easier. You can locate all your accounts through myGov, but seek advice before rolling anything over.

9. Consider downsizer contributions

If you are 55 or older and have sold a home you have owned for at least 10 years, you may be eligible to contribute up to $300,000 into super without affecting your contribution caps. This can be a helpful way to release equity and strengthen your retirement savings.

10. Plan for pension payments

If you are receiving a pension from your super, review your drawdown to ensure it meets the minimum requirement. Staying on top of this now can help you avoid surprises in the second half of the financial year.

11. Review your investment strategy

Your super is an investment for your future. Make sure your strategy aligns with your goals and risk tolerance. For SMSFs, it’s a legal requirement to have a documented strategy. Is it time to review it?

12. Seek professional advice

Super rules are not only complex but also often change. A financial adviser can help you tailor strategies to your circumstances, especially if you are considering SMSF changes or large contributions.

See you in 2026

If you would like to discuss any of these points further, please contact your Bell Potter adviser.