End of Financial Year 2025/26: What to Consider Before 30 June

As 30 June approaches, it’s a good time to take stock of your finances and make sure everything is on track. The end of the financial year (EOFY) often presents a range of opportunities to review your position, manage tax outcomes and keep your long‑term plans moving in the right direction.

While not every option will be relevant to you, understanding what’s available can help you make confident, informed decisions.

A Focus on Superannuation Contributions

Superannuation remains a key part of long‑term financial planning, largely due to its favourable tax environment.

If you earn taxable income, you may be able to contribute additional funds into your super before 30 June and claim a tax deduction on those contributions. These amounts are generally taxed at up to 15% within the super system, which may be lower than your personal tax rate.

To ensure contributions count for this financial year, they must be received by your super fund before 30 June. Most funds are recommending contributions are made by mid-June to ensure they are correctly received and allocated.

Making the Most of Workplace Contributions

If you’re working, you may have the option to direct part of your salary or bonus into super through a salary sacrifice arrangement or via personal deductible contributions.

This approach can help grow your retirement savings over time, while also potentially reducing the amount of tax paid on your income. It’s important to keep track of your total contributions, as employer contributions and salary sacrifice amounts all count towards the annual concessional contribution limit - currently $30,000 this financial year.

Using Unused Contribution Limits

You may be able to contribute more than the standard annual concessional limit if you have unused contribution amounts from previous years and meet certain eligibility requirements.

This can be particularly relevant if your income has increased or if you have experienced a one‑off taxable event. It provides an opportunity to boost your super balance by making additional contributions where available.

Adding After‑Tax Contributions

If you hold savings or investments outside of super, you may consider contributing them into super as after‑tax contributions.

Although these contributions don’t typically provide a tax deduction, they can allow more of your savings to sit in an environment where investment earnings are generally taxed at a lower rate. Eligibility rules and contribution limits apply, so understanding your position is important.

Reviewing Pension Payments and Cash Flow

If you are in retirement and drawing an income from your super, it’s important to ensure that minimum pension payment requirements are met before 30 June.

Failing to meet the minimum amount can have implications for how your income stream is treated. EOFY is also a natural time to review your overall cash flow, including whether your current income levels continue to meet your needs for the year ahead.

Other End‑of‑Year Considerations

Beyond superannuation, EOFY is an opportunity to review your broader financial position.

This may include:

• Reviewing any capital gains or losses

• Considering the timing of deductible expenses

• Looking ahead to your cash flow needs for the next financial year

Even small adjustments made before 30 June can make a meaningful difference.

Act Before Key Deadlines

Many End of Financial Year opportunities are time‑sensitive. Contributions, paperwork and pension payments generally need to be completed before 30 June to be counted in this financial year.

Allowing enough time to finalise any actions can help avoid missing important deadlines.

The end of the financial year is a valuable checkpoint. It gives you the chance to reflect on the past year and ensure your financial arrangements remain aligned with your goals.

Understanding the options available allows you to take control of your position and move into the next financial year with clarity and confidence. If you require assistance with your finances prior to 30 June, please don't hesitate to contact us.