18/05/2026
đ EOFY Is Almost Here â Time to Get TaxâSmart! đ
As we head toward the end of the financial year, now is the perfect time to check what you can do to save on tax and boost your super.
Iâve put together a simple EOFY Checklist you can use for yourself â and feel free to share it with friends or family who might find it helpful.
If youâd like more information on any of these items, just reach out.
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EOFY Checklist
Superannuation
⢠Super Contributions
You can contribute up to $30,000 in deductible super contributions (including employer SG, salary sacrifice and personal deductible contributions).
A lumpâsum topâup before 30 June may help maximise your limit â just remember to lodge a Notice of Intent.
⢠CatchâUp Contributions
If your total super balance is under $500,000, you may be able to use up to 5 years of unused concessional caps. Great for offsetting capital gains or oneâoff taxable income.
⢠Super CoâContribution
If you (or your partner/children) earn under $47,488 in 25/26, a $1,000 afterâtax contribution could earn a $500 government coâcontribution.
⢠Spouse Contributions
If your spouse earns under $37,000, you can contribute up to $3,000 to their super and receive up to $540 back as a tax offset.
Insurance & Investment
⢠Income Protection
Premiums paid from your own cash flow (not via super) are generally taxâdeductible.
⢠PreâPay Interest
If you have a margin loan or deductible investment expenses, you may be able to preâpay next yearâs interest and claim it this year.
⢠Capital Losses
Selling an underperforming investment before 30 June may help offset capital gains.
(Keep an eye on potential changes announced in the May 2026 Budget.)
Charity & Deductions
⢠Charitable Donations
Donations to registered charities are usually taxâdeductible â and a great way to give back.
⢠WorkâRelated Deductions
You may be able to claim:
â Workârelated education
â Travel, flights, accommodation, fuel
â Professional memberships, subscriptions, journals, union fees
â Accounting fees
â Workâfromâhome expenses ($0.70 per hour)
â Home office equipment and running costs
Small Business
⢠Instant Asset WriteâOff
The $20,000 instant asset writeâoff remains available for 25/26.
Applies to businesses with turnover under $10 million.
Investments & CGT
⢠Investment Expenses
Maintenance, repairs and management costs for investment properties or portfolios may be deductible.
⢠Capital Gains Tax
If selling an asset with a gain, consider timing the sale in a year with lower income.
Holding the asset for 12+ months gives access to the 50% CGT discount.
đš NonâTax Items to Keep in Mind
⢠AfterâTax Super Contributions
Up to $120,000 per year, or $360,000 using the bringâforward rule.
⢠Gifting (Age Pension rules)
Up to $10,000 per year, or $30,000 over 5 years (with annual caps).
⢠Super Guarantee
SG rate remains at 12%, and payday super begins â employers must pay super at the same time as wages.
⢠Transfer Balance Cap
The cap increases from $2.0m to $2.1m from 1 July 2026.
â ď¸ A Quick Reminder
These are general tips only â whatâs right for you depends on your personal situation. Always check with a financial adviser or accountant before taking action.
If you have questions or want help working through the checklist, weâre here to help.
