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Super boosting strategies for the end of financial year.

Here are some key things to know so you can get your super sorted for tax time.

Make your personal contributions by Friday 24 June

Make your contributions by Friday 24 June to ensure we receive them by the end of the financial year.

You can make a personal contribution via BPAY. Log in to Member Online or the Hostplus app to get your BPAY details. You’ll find them under Voluntary Contributions in the Member section of the main menu.

Log in to Member Online

On the app, find the ‘Make a contribution’ option from the menu icon in the top left of the app. Download the Hostplus app.

ABN (Australian Business Number)  68 657 495 890
SFN (Superannuation Fund Number)  268 350 944
USI (Unique Superannuation Identifier)  HOS0100AU
SPIN (Superannuation Product Identification Number)  HOS0100AU
Fund name  Hostplus Superannuation Fund

Statements

Log in to your account or use the Hostplus app (super members only) to see your most recent statement.

Member Online

Pension Online

Statements ending 30 June 2022 will be available online and via post from September 2022.  

Government co-contributions

Did you know you could receive extra money from the Government just by contributing extra to your super?  If you’re eligible, the Government could contribute 50c for every dollar you contribute to super – up to a maximum of $500.  

Learn more

Claim a tax deduction for voluntary after-tax contributions

You can claim a tax deduction for your personal super contributions. To do so, you must complete a notice of intent form to let us know that you intend to claim a deduction on your contributions.

Please note, to claim a tax deduction for contributions made in 2021-22, you must return this form before:

  • the day you lodge your income tax return for 2021-22 OR
  • the end of the 2022/23 financial year,

whichever comes first.

Once we’ve confirmed that your claim has been accepted, you can then complete your tax return.

Download the notice of intent to claim a form (PDF, 204KB)

You can also use this form to change an earlier notice.  

You can email your completed form or send to:

Hostplus
Locked Bag 5046
Parramatta NSW 2124.

Eligibility

You can claim for a deduction for your personal super contributions if all of the following apply:

  • you are still a member of Hostplus 
  • Hostplus has not begun to pay an income stream (for example, a pension) based on part or all of the contributions for which you intend to claim a deduction 
  • we have confirmed receipt of your Notice of intent to claim
  • we have accepted the contribution for which you want to claim a deduction 
  • you have not applied to split the contribution for which you intend to claim a deduction 
  • you meet the other eligibility criteria to claim a deduction
  • you have not withdrawn an amount or rolled out to another fund all or part of the contribution for which you want to claim a deduction 
  • you are aged under 67, or
  • you are aged 67 - 74 and meet the work-test criteria (in gainful employment for at least 40 hours over a period of no more than 30 consecutive days).*

If you are under 18 or over 75, additional restrictions may apply, visit ato.gov.au for more details.

Check the ‘Contribution caps’ section below to see how much you’re able to claim.

*Please note that although the work test is being abolished from 1 July 2022, you will still need to meet the work-test criteria for contributions made in 2021/22.

Spouse contribution tax offset

You may be able to claim a tax offset of up to $540 on contributions you made to your partner’s super. If you’re eligible, include these contributions on your tax return.

Learn more

Set up salary sacrifice

Ask your employer to pay more into your super from your salary. It’s an easy way to grow your super and pay less tax.

Learn more

Annual contribution caps apply to the super contributions made to your super each financial year. If you contribute more than the cap, you may have to pay extra tax. 

Your cap depends on your account balance and the type of contribution.

 Contribution/cap type Cap

Concessional

Contributions that are made into your super account before tax. These include:

  • Super Guarantee (SG) contributions from your employer
  • salary sacrifice
  • contributions for which you claim a tax deduction.

Important: If you have more than one fund, concessional contributions made to all your funds during a financial year are added together and counted towards your concessional contributions cap.

$27,500

Your cap may be higher if you didn’t use your full amount in earlier years and your total super balance is less than $500,000 on 30 June of the previous financial year.

Non-concessional

Contributions from your after-tax income. These contributions are not taxed in your Hostplus super account, including:

  • personal after-tax contributions
  • spouse contributions

Important: if you have more than one fund, all non-concessional contributions made to all of your funds are added together and counted towards the non-concessional contributions cap.

$110,000

Your cap might be different. It can be:

  • higher, if you can use the bring-forward arrangements
  • nil, if your total super balance is greater than or equal to the general transfer balance cap ($1.7 million).

Bring forward rule for non-concessional contributions 

If you're under 65 and have less than $1.7 million in super, you may be able to bring forward up to three years of non-concessional (after-tax) contributions. This means you can contribute up to $330,000 over three years, rather than $110,000 each year. 

For example, if you contribute $150,000 in non-concessional contributions in the 2021-22 financial year, you’ll go over the $110,000 cap by $40,000. The bring-forward rule allows you to make this contribution and contribute another $180,000 over the following two years without breaching the cap. 

Visit the ATO website for more information about contribution limits and the bring forward rule. 

Need Help? Contact us.

Chat

Speak to a Hostplus team member using our Live Chat

Email

Send our team an online enquiry.

Write

  • General: Locked Bag 5046, Parramatta NSW 2124
  • Claims: Locked Bag 9, Carlton South VIC 3053

Speak to an expert today. 

At Hostplus, we offer three different levels of financial advice and planning options to ensure you get the right advice to suit your changing needs: 

  • easy-to-use DIY online advice through SuperAdviser
  • phone-based superannuation advice from the Super Advice team
  • specialist face-to-face advice and planning. 

A range of options to suit your needs. That’s a plus.

Book an appointment today 

Hostplus has engaged Industry Fund Services Limited (IFS) ABN 54 007 016 195, AFSL 232514 to facilitate the provision of personal financial advice to members of Hostplus.  Advice is provided by financial planners who are Authorised Representatives of IFS. Fees may apply for Comprehensive Financial Advice, further information about the cost of comprehensive advice is set out in the relevant IFS Financial Services Guide, a copy of which is available from your financial planner.

 

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Why choose Hostplus

An award-winning super fund that's here for you.

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  • An Industry SuperFund
  • Money magazine Best of the Best 2022 winner
  • Canstar 5 star rating for Hostplus Personal Super
  • Super Ratings 15 Yr platinum performance 2007-2022 - Super Ratings Platinum 2022 MySuper - Super Ratings Platinum 2022 Pension

© 2022 Hostplus. All rights reserved

This website is issued by Host-Plus Pty Limited ABN 79 008 634 704, AFSL 244392 as trustee for the Hostplus Superannuation Fund (the Fund) ABN 68 657 495 890, MySuper No 68657495890198. Hostplus Self-Managed Invest (SMI) is issued by Host-Plus Pty Limited ABN 79 008 634 704, AFSL 244392 as trustee for the Hostplus Pooled Superannuation Trust (PST) ABN 13 140 019 340. It contains general advice only and does not take into account your personal objectives, financial situation or needs. You should consider if this information is appropriate for you in light of your circumstances before acting on it. Please read the relevant Hostplus Product Disclosure Statement (PDS) or Hostplus SMI PDS before making a decision about Hostplus. For a description of the target market, please read the Target Market Determination (TMD), available at hostplus.com.au. You can view detailed disclaimers here. Hostplus has engaged Industry Fund Services Limited (IFS) ABN 54 007 016 195, AFSL 232514 to facilitate the provision of personal financial advice to members of Hostplus. Advice is provided by financial planners who are Authorised Representatives of IFS. Fees may apply for Comprehensive Financial Advice, further information about the cost of comprehensive advice is set out in the relevant IFS Financial Services Guide, a copy of which is available from your financial planner. Hostplus has engaged Link Advice Pty Ltd ABN 36 105 811 836, ASFL 258145 to facilitate the provision of limited personal financial advice to members of Hostplus via the web-based product Super Adviser.

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