4 things to do with your super before EOFY 2025

With the end of the financial year just around the corner, it's a great time to check your superannuation and determine your goals.

Your superannuation is one of your most important long-term assets, so it's essential to check it regularly.

1. Consolidate your super

Lots of Australians end up with multiple superannuation accounts – around 4 million, in fact!¹

But for the most part, this isn't a good thing.

You can end up paying a wide range of excess fees on old accounts you're not using or benefiting from!

Longer-term, this can lead to your retirement savings being chipped away.

Consolidating your existing accounts with a superannuation provider you're happy with can be a better way to set your super up for success.

For example, Spaceship Super can help you find other super accounts you may hold and, if you wish, help you consolidate them into a new account.

This way, you can have your superannuation centralised and reduce the fees you're paying.

Keep in mind, by rolling over the full value of an existing super account, your existing super account will be closed, and you may lose some benefits, such as life insurance.

Get started with Spaceship Super

2. Assess whether you're happy with your investment approach

With EOFY just around the corner, it's a great time to take a look at your investments and how they're performing, to make sure you're on track for the future you want.

Many super funds allow some degree of flexibility.

For example, Spaceship Super offers four different investment options – Spaceship GrowthX, Spaceship Global Index, Spaceship Moderate and Spaceship Balanced.

Both the GrowthX and Global Index options predominantly have exposure to shares.

Growth X has a particular focus on assets that are expected to benefit from technology, long-term innovation and structural economic shifts, whereas the Global index tracks broad share market indices and does not include active management or thematic strategies.

Spaceship Balanced is designed to blend exposure to growth and defensive assets. The Balanced option aims to balance potential returns and risk. It also includes exposure to assets that are expected to benefit from technology, long-term innovation and structural economic shifts.

The Moderate option is designed to blend stability and growth and provides a more equal mix of growth and defensive assets, designed for those seeking moderate performance with lower volatility.

It includes some exposure to assets that are expected to benefit from technology, long-term innovation and structural economic shifts.

Since the fund started:

• Spaceship GrowthX has had returns of 10.90% p.a.*
• Spaceship Global Index has had returns of 11.67% p.a.**
• Balanced and Moderate long-term performance is not yet available***

Returns are net of fees and taxes, but do not include the impact of the administration fees.

Past returns aren't indicative of future returns, but looking at existing returns can help you form a more complete picture of the risk involved.

It is important to remember that super investments are generally designed to be long-term. So periodic fluctuations need to be viewed in light of the bigger picture before making any big changes.

You should also factor in:

• Your comfort level with risk
• Your retirement goals
• Your current financial situation

Whatever risk level you're considering for your super, seeking advice from a financial professional before making any decisions about your investments may be advisable.

3. Check your extra contributions

If you want to claim a tax deduction for your non-concessional super contributions this financial year, you'll need to make any contributions well before 30 June 2025.

It's important to note that there are maximum limits in place. The Moneysmart site has additional information available.

You'll also need to inform your fund of your intent to claim a tax deduction when making any final concessional contributions

Speaking to a financial professional, such as a licensed financial advisor or accountant, can also help provide insights into the tax obligations or benefits.

Spaceship Super provides access to a number of tools to help you determine the long-term benefits of making additional contributions, including a retirement calculator.

4. Top up your partner's super

Just as you can make extra contributions to your own super fund, you can also "top up" your partner or spouse's fund.

This can be a great way to place the two of you on more even footing when it comes to retirement.

Learn more about superannuation with Spaceship Super today

More information about Spaceship Super

*Annualised performance since inception (4 January 2017 to 30 April 2025) (100 months)

**Annualised performance since inception (30 September 2017 to 30 April 2025) (91 months)

***The Spaceship Moderate Index and Spaceship Balanced options will have longterm performance figures available after June 2026, due to launching in June 2025.

On 18 May 2024 Spaceship Super was transferred from the Tidswell Master Superannuation Plan to OneSuper. Investment performance includes the performance from both funds since inception of the investment option.

^{Spaceship Capital Ltd (ABN 67 621 011 649, AFSL 501605) is the promoter of Spaceship Super issued by Diversa Trustees Ltd (ABN 49 006 421 638, RSEL L0000635) as trustee of OneSuper (ABN 43 905 581 638).}

^{This information is general in nature. We haven't taken into account your objectives, financial situation, or needs. To the extent any information is advice, it is general advice only.}

^{Consider the PDS and TMD at spaceship.com.au.}