09/06/2026
For the (end of financial year), three of the most you can typically focus on are:
1. Maximise Contributions Before 30 June
If cash flow allows, making additional concessional (pre-tax) super contributions can reduce your taxable income while boosting .
Examples:
-Salary sacrifice contributions.
-Personal deductible super contributions.
-Using unused concessional cap carry-forward amounts from previous years (if eligible).
Why it matters:
-Contributions are generally taxed at 15% inside super, often much lower than your marginal rate.
-Can create significant tax savings for higher-income earners.
2. Review Capital Gains and Losses
Before selling investments, review your portfolio to manage capital gains tax ( ).
Strategies may include:
-Realising capital losses to offset gains.
-Delaying a sale until after 30 June if it suits your broader plan.
-Ensuring you're eligible for the 50% CGT discount on assets held longer than 12 months.
Why it matters:
-Small timing decisions can materially affect your tax bill.
3. Bring Forward Deductible Expenses
If you're self-employed, run a business, or have investment properties, consider prepaying eligible expenses before 30 June.
Examples:
-Professional subscriptions.
-Interest on investment (where applicable).
-Insurance premiums.
-Certain business expenses.
Why it matters:
-Accelerates deductions into the current financial year and may improve through a lower tax liability.
Bonus Tip: Don't Let Tax Drive the Decision
The best EOFY is one that improves your overall financial position, not just your tax outcome. A $1 doesn't save $1 in tax—it only saves tax at your marginal rate. Focus on strategies that align with your long-term wealth goals.
