What to action before 30 June 2026
With the end of the 2025–26 financial year approaching, now is the time to review your financial position and ensure you are making the most of available opportunities. Below is a practical checklist to work through before 30 June. Please contact our office to discuss any items relevant to your situation.
| 1 | Review your superannuation contributions
Check how much you have contributed in concessional (before-tax) contributions this year. The annual concessional cap is $30,000 for 2025–26. If you have unused cap space from prior years (up to five years back) and your Super balance is below $500,000, you may be eligible to make catch-up contributions — a valuable strategy for many clients. Please verify the current cap with the ATO or your adviser before acting. |
| 2 | Consider a personal super contribution and claim a deduction
If you are not fully relying on employer contributions to reach your concessional cap, making a personal (non-employer) concessional contribution and lodging a Notice of Intent to Claim a Deduction before 30 June can reduce your assessable income for the year. Speak with us before acting to confirm your eligibility. |
| 3 | Pre-pay deductible expenses where appropriate
Eligible investment-related expenses — such as interest on investment loans and income protection insurance premiums — paid before 30 June may be deductible in this financial year. This is particularly relevant if your income is higher than expected in 2025–26. |
| 4 | Check your spouse contribution and co-contribution eligibility
Contributing to a lower-income spouse’s superannuation may entitle you to a tax offset of up to $540. Similarly, if your income is below the relevant threshold, making a personal non-concessional contribution may attract a government co-contribution of up to $500. Thresholds are subject to change — please verify with us or the ATO. |
| 5 | Review your insurance inside super
Ensure your life, TPD, and income protection cover within superannuation remains appropriate for your circumstances. Inactive super accounts may have insurance cancelled automatically under law, so it is worth checking all accounts. |
| 6 | Confirm your superannuation beneficiary nominations
Check that your binding death benefit nominations are current and have not lapsed. A lapsed nomination can mean your super does not go to your intended beneficiary — something that is easily remedied with a brief review. |
| General Information Only
This article contains general information only and does not constitute personal financial advice. Individual circumstances vary and some strategies may not be appropriate for you. Contribution caps, thresholds, and legislative rules may have changed since publication. You should verify all figures with the ATO or your financial adviser before taking any action. We encourage you to contact our office before 30 June to discuss your specific situation. |
