A super time for tax savings

Nobody likes paying more tax than they have to. Depending on your income, you might be able to save yourself some tax or get a little extra from the government. Use BPAY® to boost your super before 26 June 2026. {sub-heading}

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Less tax, more in super

Depending on your circumstances, income and preferences, there are two options you have when it comes to tax and your super.

It's important to know there are limits to how much you can add to your super without tax implications - these are known as 'contribution caps'.#

Claim a tax deduction

A personal super contribution is an extra contribution that you make from your take-home pay.

You can potentially claim it as a tax deduction in your next tax return by completing this form.*

Learn more

Get a little extra from[br] the government^

If you earn under $62,488, you may be eligible for the government's super co-contribution when you put money into your super, provided you make a personal non-concessional contribution. The government will pay 50% of your contribution amount, up to the limit based on your income.^

If you earn under $37,000, you may also get the Low Income Super Tax Offset (LISTO) - up to an additional $500 back into your super.^

When you lodge your tax return, the ATO will assess if you’re eligible and how much you’re entitled to receive (based on how much you earn and how much you contributed).

The ATO will then pay the super co-contribution directly into your super account. You don’t need to apply for it.

To be eligible to receive a super co-contribution from the government, you can’t claim your personal super contribution as a tax deduction in your next tax return.

Check eligibility

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Is your super on track?

Giving your super an extra boost every now and again could make a big difference to your retirement savings.

The Association of Superannuation Funds Australia (ASFA) suggests different amounts based on your age.‡ You can use their simple calculator here to determine how your super balance compares – and whether you’re on track for a comfortable retirement at the age of 67.

Save your tax savings with BPAY®

All you’ll need is the Virgin Money Super biller code and your unique reference number. You can find these details by logging into your account and heading to the ‘Personal details’ section.

We must receive your contribution before 4pm (AEST) on 26 June 2026 so we can process it before the end of the financial year.

Boost your super now

Estimate your retirement Income

The Retirement income calculator enables you to more clearly assess your estimated financial position in retirement and what you may need to do to reach your desired retirement balance.

Estimate my retirement savings

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Want some extra help with your super?

From 24/7 digital advice to over the phone advice about your Virgin Money Super account, we’re ready to support you.† Either call us on 1300 652 770 or head to the Advice Tools section in the portal.

Due to the time of year, it may take longer than normal for you to speak with a financial adviser. We recommend booking in early.

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FAQs

How much can I add to my super?

Before you make a contribution, make sure your total concessional (before-tax) contributions won’t exceed $30,000 in the 2025/26 financial year.

Learn more about contribution caps

What should I consider before adding to my super?

There are several things to think about before making a contribution:

  • In order to accept your contribution, we need your Tax File Number (TFN). To provide your TFN, or check that we’ve got it, log into your account and head to the ‘Personal Details’ section.
  • If you've gone over the concessional (pre-tax) contribution cap of $30,000 and can't use previous years under the 'carry forward rule' you may not be able to claim a tax-deduction.
  • The current non-concessional (after-tax) contribution cap is $120,000 each financial year
  • If you’re under 75 years of age and eligible, you may be able to contribute up to $360,000 under the 'bring forward rule'.

When making a personal contribution, do I have to claim a tax deduction?

When you first make a personal contribution to your super, it’s considered an after-tax (also known as a ‘non-concessional’) contribution and it’s not subject to tax.

When you submit a Notice of Intent form to us, we convert your after-tax contribution, to a pre-tax (also known as a ‘concessional’) contribution, and apply a tax rate of 15% to it, instead of your marginal tax rate.

Following this conversion from post-tax to pre-tax, you’re then able to claim the contribution as a tax deduction.

Can I claim a tax deduction for personal contributions made in FY 2025/26?

Any personal contributions you’ve made in the 2025/26 financial year may be eligible for a tax deduction if you don’t contribute over the concessional contribution cap of $30,000 for the financial year.*

To claim a tax deduction, you’ll need to complete a Notice of Intent form. This form should be returned to us no later than the day you lodge your 2025/26 financial year tax return, or by 30 June 2027 – whichever comes first.

* If your total super balance is below $500,000 at the start of the financial year, you may be eligible to a higher concessional contribution cap by using unused concessional cap amounts from the previous 5 years under the "carry forward rule". This may allow you to claim a deduction on a personal contribution in the current financial year without putting you over the cap.

See our website for more information

Where do I send the Notice of Intent form?

After you complete the form, save it as a PDF. Return the form to helpline.super@mercer.com or upload the form in the Contact Us section in your online account no later than the day you lodge your 2025/ 26 financial year tax return.

It usually takes us 3-4 business days to receive and process your form. We’ll let you know that it’s done and give you the go ahead to claim the tax deduction in your tax return.

How do I know if I’m eligible to receive a super co-contribution from the government?

You must earn under $62,488 in the 2025/26 financial year, but there are additional criteria you’ll need to meet. Check the ATO website for details

How do I use BPAY?

As each financial institution is different, we’re unable to provide detailed instructions on how to use BPAY.

For further information, please contact your financial institution directly.

Do I need my Tax File Number to make personal contributions?

To accept your contribution, we need your Tax File Number (TFN). To provide your TFN, or check that we’ve got it, log into your account and head to the ‘Personal Details’ section.
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More about how to build your super

Virgin Money Superannuation - Understanding Super: Building your Super

Building your super

Find out more

Virgin Money Superannuation - Understanding Super: Super contribution caps

Super contribution caps

Find out more

Virgin Money Superannuation - Understanding Super: Super and Tax

Super and tax

Find out more

Virgin Money Superannuation - Understanding Super: Making contributions

Making contributions

Find out more

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Important information

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This information is of a general nature only and does not take into account your personal financial situation, needs or objectives. Please consider your own personal financial circumstances and consider the  Product Disclosure Statement,  Target Market Determination (TMD),  Product Guide, Insurance Guide,  Sustainable Investment Information booklet  and  Financial Services Guide  before taking any action in relation to your superannuation, making a contribution, or asking your employer to contribute to Virgin Money Super for you. You should consider the suitability of superannuation and Virgin Money Super’s  Product Disclosure Statement  before making a decision on your superannuation investments, making a contribution, or asking your employer to contribute to Virgin Money Super for you. For further information about the insurance options refer to the Insurance Guide.

The Superannuation Fees described on the  Fees page  apply from 12 December 2016. Here you’ll find the official SIS Act definitions for each fee type.

While there are no contribution, withdrawal or switching fees, a buy/sell spread applies at a fund level when purchasing and selling units. Other fees and costs may apply such as insurance fees. These are retained by the fund and are not paid to Virgin Money or the Trustee. All fees are inclusive of Goods and Services Tax (GST) and net of Reduced Input Tax Credits (RITC).

Before you rollover or consolidate your superannuation, you should check to see if insurance or other benefits will be impacted or lost. Some funds may also charge withdrawal or exit fees. You should consider the relevant Product Disclosure Statement. Please note this information does not constitute personal financial product advice, and you may wish to consult your financial adviser before making a decision about whether Virgin Money Super fits your objectives, financial situation and needs. If you are considering making voluntary contributions into your Virgin Money Super account, you should consider your personal circumstances, the impact of such contributions to your contribution caps, as well as associated taxation issues before making any decision on making voluntary contributions. Concessional tax rates do not apply on contributions which exceed government contribution limits. See the ‘How Super is Taxed’ section of the Virgin Money Super Product Guide and the contribution fact sheet on our website for more information about contribution types and limits.

Please refer to our the  Product Guide  and  MySuper Product Dashboard  for further information.

It is very important to note that superannuation is generally a long term investment. Past investment performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a fund.

Prepared by Virgin Money Financial Services Pty Ltd ABN 51 113 285 395 AFSL 286869 (‘Virgin Money’). Virgin Money Super is a plan in the Mercer Super Trust ABN 19 905 422 981. Virgin Money Super is issued by Mercer Superannuation (Australia) Limited (MSAL) ABN 79 004 717 533 AFSL 235906 as trustee of the Mercer Super Trust. 'MERCER’ is an Australian registered trademark of Mercer (Australia) Pty Ltd ABN 32 005 315 917. ©2026 Marsh. All rights reserved. For more information about Virgin Money Super, please refer to the PDS which is available free of charge on our website or by calling the Customer Care team on 1300 652 770.

Virgin Money Financial Services Pty Ltd ABN 51 113 285 395 (Virgin Money) provides and operates Virgin Money's Super Engagement Program. To earn and redeem Velocity Points, you must be a Velocity member. Velocity Frequent Flyer issues Velocity Points on instruction from Virgin Money. Velocity is not responsible for the material in  this document  and does not hold an AFSL. Velocity membership and Points earn and redemption are subject to the Member Terms and Conditions, available at www.velocityfrequentflyer.com, as amended from time to time. Virgin Money reserves the right to change or withdraw Virgin Money’s Super Engagement Program at any time in line with the Terms & Conditions.

The information above is intended as a guide only. If you are unsure about who you need to make contributions for we suggest you contact the ATO. As an employer, it's important you fully understand your superannuation obligations as failure to meet these minimum requirements could mean financial penalties from the Government.

QuickSuper is a registered trademark and a product owned and operated by Westpac Banking Corporation ABN 33 007 457 141. Westpac’s terms and conditions applicable to the QuickSuper service are available after your eligibility for the free clearing house service is assessed by Virgin Money Super.

#Personal contributions can be made if you are under the age of 75, however there are annual limits on how much you can contribute into your superannuation. If these are exceeded there may be tax implications. Find out more on mercersuper.com.au/superannuation/super-contribution-caps.

* The Notice of Intent form should be completed prior to any withdrawals or rollovers as this may reduce available deduction. The final date to submit your Notice of Intent form is either no later than the day you lodge your 2025/26 financial year tax return, or by 30 June 2027 – whichever date comes first.

By submitting the Notice of Intent form, you are requesting that we convert your after-tax (non-concessional) personal contributions into pre-tax (concessional) personal contributions. There are limits on how much you can contribute each year without tax implications – these are known as contribution caps. You can find more information on our website.

^Eligibility and conditions apply. Income thresholds are set by the Government for each financial year. Find out more.

†The trustee has appointed Mercer Financial Advice (Australia) Pty Ltd (MFAAPL) ABN 76 153 168 293, Australian Financial Services Licence 411766 to provide financial advice services for members of the Mercer Super Trust. Mercer Financial Advisers are authorised representatives of MFAAPL.