EOFY tax planning: Key strategies to consider before 30 June 2026
How are we in June already? It feels like Christmas was only yesterday, yet here we are approaching the end of another financial year! Around this time of year, we start having a lot of conversations about tax planning, super contributions and what opportunities may be available before 30 June. While every situation is different, there are a few EOFY strategies that regularly come up. Here are some of the areas worth considering before the financial year wraps up.
Have you made the most of your super contributions this year?
Superannuation remains one of the most tax-effective ways to build wealth over the long term. For the 2025/26 financial year, the concessional contribution cap is $30,000. This includes employer contributions, salary sacrifice contributions and any personal contributions you intend to claim as a tax deduction.
Many people are surprised to discover they haven't used their full cap by the end of the financial year. If you've still got room available within your concessional contribution cap, making a personal contribution to super and claiming a tax deduction may be worth exploring before 30 June. This can be particularly relevant for those who have received additional income during the year, such as a bonus, capital gain or other one-off payment. Not only can it help boost your retirement savings, but it may also improve your tax position for the current financial year.
Like most financial planning strategies, the benefits will depend on your individual circumstances, so it's important to understand how it fits within your broader financial plan before taking action.
Want to check your contributions?
The easiest place to check is through your myGov account:
Log in to myGov
Open ATO Online Services
Select Super
Click Information
Review your contribution history
While you're there, it's also worth checking whether you have any unused concessional contribution caps available to carry forward from previous years. If your total super balance meets the eligibility requirements, you may be able to use unused concessional contribution caps from previous financial years through the carry-forward contribution rules. This strategy won't apply to everyone, but for those who qualify, it can provide additional flexibility and potentially create a valuable tax planning opportunity.
One thing to keep in mind is timing. Super funds often have contribution cut-off dates, so leaving things until the final days of June can mean missing out.
Have you sold any investments this year?
If you've sold shares, managed funds, an investment property or other assets during the year, now is a good time to understand the tax implications. Capital gains tax often catches people by surprise, particularly if they haven't sold investments for some time. On the flip side, you may also have investments currently sitting at a loss. That doesn't mean they should automatically be sold, but understanding your overall position before lodging your tax return can help you make more informed decisions.
If you're unsure how the sale of an investment may impact your tax position, it's worth speaking with your accountant before the end of the financial year.
Don't forget the bigger picture
While tax planning tends to dominate the conversation in June, EOFY can also be a useful opportunity to pause and look at the bigger picture.
Has anything changed over the past 12 months?
Are you still on track for retirement?
Have your goals shifted?
Do your investments still reflect what you're trying to achieve?
Sometimes the most valuable outcome from an EOFY review isn't a tax saving. It's gaining clarity and confidence about the direction you're heading.
Need clarity before 30 June?
Everyone's situation is different, which is why EOFY planning isn't about finding a one-size-fits-all solution.
If you'd like to better understand what opportunities may be available to you before 30 June, we'd be happy to have a conversation.
Get in touch with the Bold Wealth team https://www.boldwealth.com.au/contact