Waiting to apply for the Age Pension could cost you
The Age Pension generally can’t be backdated, so you may miss out on income if you don't apply as soon as you're eligible. Check your eligibility now.
In June 2026, HESTA members contributed more than $578 million in extra contributions1 to their retirement funds. This was a 19% increase compared to 2025 contributions and a 45% increase compared to 2024. The biggest day of member contributions was 22 June.
But you don’t have to wait until next June to make a personal contribution. With 10 months to go until 30 June 2027, adding just a small amount more to your super each month can make a big difference to your future super balance.
You can make a personal after-tax contribution2 to give your balance a boost. If you have unused before-tax caps from previous years and a total super balance under $500,000, you may be able to make catch-up contributions.
If you earn under the income threshold ($49,293 for 2026-27) 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 $64,293.
Learn about government co-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.
Understand contribution splitting >
The Age Pension generally can’t be backdated, so you may miss out on income if you don't apply as soon as you're eligible. Check your eligibility now.
My Psychologist is a mental health service now available for you and your loved ones through our partnership with insurer AIA Australia.
Our super consultants can help work out a contribution strategy that's right for you.