EOFY Checklist 2026
Smart money moves to make before 30 June.
For PAYG Employees
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Top up your super with a personal concessional contribution
You can chip in up to $30,000 this financial year, including what your employer’s already paid in (the 12% Super Guarantee) and any salary-sacrifice contributions. Done right, it cuts your taxable income. Important: lodge a Notice of Intent with your super fund, or you won’t get the tax deduction.
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Use your unused cap from previous years
If your total super balance (TSB) is under $500,000, you can carry forward any unused concessional cap from the past five years and contribute it now. Especially handy if you’ve had career breaks or part-time stretches that left super on the back burner.
A personal concessional contribution can offset some of the tax hit on a big capital gain, like selling an investment property or a chunk of shares.
More money working for your future. Less money heading to the ATO.
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Contribute to your spouse’s super
If your partner earns under $40,000, you can pop up to $3,000 into their super and claim a tax offset of up to $540. A small move that helps even out the super balance over time.
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Top up with the government’s co-contribution
If you earn under $62,488 and make an after-tax contribution, the government may chip in up to $500 through the co-contribution scheme. Free money is free money.
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Make a non-concessional (after-tax) contribution
If you’re under the $2M total super balance cap, you can contribute up to $120,000 in a year, or trigger the bring-forward rule to put in up to $360,000 in one go. Worth knowing about if you’ve got a chunk of cash sitting around. Maybe from selling an investment property, downsizing the family home, an inheritance, or a bonus you don’t need right now.
If You’re a Sole Trader or Partnership
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Make a personal deductible contribution to super
Pop up to $30,000 into super this financial year and claim it as a deduction on your individual tax return. It cuts your taxable income at marginal rates (which can be as high as 47%) and leaves the money working at just 15% tax inside super. Important: lodge a Notice of Intent with your super fund, or you won’t get the tax deduction.
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Use your unused cap from previous years
If your total super balance is under $500,000, you can carry forward any unused concessional cap from the past five years and contribute it now. This is a big one for the self-employed. Especially powerful if you’ve had quieter income years or never quite got around to paying yourself super.
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Bring forward deductible business expenses
Prepay rent, insurance, subscriptions and professional memberships up to 12 months in advance to claim the deduction this year. Cash flow allowing, it’s a quick way to lower your taxable income before 30 June.
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Take advantage of the instant asset write-off
Eligible business assets up to $20,000 each can be written off immediately rather than depreciated over time. The threshold drops to $1,000 from 1 July, and the asset has to be installed and ready to use by 30 June for the deduction to apply this financial year.
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Spouse and co-contributions
Spouse contributions and government co-contributions are still on the table if you or your partner meet the eligibility rules. (See the PAYG section above for the full rules.)
If You Run a Company or Trust
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Salary sacrifice through the company to top up super
If you pay yourself a wage from the company, salary sacrifice is the cleanest way to get more into super before 30 June. The company claims the deduction, you get the contribution taxed at just 15% inside super, and your taxable income drops at the same time. You can contribute up to $30,000 this financial year, including what the company has already paid in as Super Guarantee.
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Use your unused cap from previous years
If your total super balance is under $500,000, you can carry forward any unused concessional cap from the past five years and contribute it now. This is the big one for business owners who’ve had quieter income years or never quite got around to paying themselves super.
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Check your Division 7A position
If you’ve taken money out of the company as a loan during the year, repayments or minimum interest payments are due before 30 June. Miss it, and the loan can be treated as a deemed dividend, which means a tax bill you didn’t see coming.
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Sign and date your trust distribution resolutions
If you have a discretionary (family) trust, the trustee needs to decide who gets what before 30 June. Late or missing resolutions can mean trust income gets taxed at the top marginal rate of 47%. Not the kind of surprise anyone wants in July.
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Plan your franking credits and dividend strategy
If there’s profit sitting in the company you might want to extract, the timing of dividends (this financial year versus next) can make a meaningful difference to the tax outcome at both the company and shareholder level. Worth modelling before you decide.
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Look at small business CGT concessions if you’re selling
The four small business CGT concessions can dramatically reduce or even eliminate the tax on the sale of an active business asset. The eligibility rules are strict and often need years of planning to get right. So the earlier you flag a sale, the more options stay on the table.
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Bring forward deductible business expenses
Prepay rent, insurance, subscriptions and professional memberships up to 12 months in advance to claim the deduction this year. Cash flow allowing, it’s a quick way to lower your taxable income before 30 June.
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Take advantage of the instant asset write-off
Eligible business assets up to $20,000 each can be written off immediately rather than depreciated over time. The threshold drops to $1,000 from 1 July, and the asset has to be installed and ready to use by 30 June for the deduction to apply this financial year.
EOFY for business owners is a team sport
Some of these strategies need our financial planning team and your accountant working together, well before 30 June.
Other EOFY Reminders
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Private health insurance
If your income is over the threshold and you don’t hold the right cover, you’ll cop the Medicare Levy Surcharge.
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Income protection premiums
Income protection premiums paid outside super are tax-deductible.
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Charitable donations
Charitable donations over $2 to a registered DGR are deductible. Make the donation before 30 June.
Get your super contributions in 1 to 2 weeks before 30 June. BPAY and clearing houses don’t move at the speed of light. The money needs to clear by 30 June 2026 or it rolls into next financial year. Leaving it to the last minute is how good plans turn into “well, that’s a shame.”
This is not tax advice. The information contained in this checklist has been provided as general advice only. You should, before you make any decision regarding any information or strategies mentioned, consult your own financial adviser to consider whether that is appropriate having regard to your own objective, financial situation and needs. Apex Advice Pty Ltd ABN 14 655 779 187 is a Corporate Authorised Representative (ASIC 1296045) of Paragem Pty Ltd ABN 16 108 571 875 Australian Financial Services Licence 297276. Australian Credit Licence 389087.
The information contained on this website has been provided as general advice only. The contents have been prepared without taking account of your personal objectives, financial situation or needs. You should, before you make any decision regarding any information, strategies or products mentioned on this website, consult your own financial advisor to consider whether that is appropriate having regard to your own objective, financial situation and needs. Apex Advice Pty Ltd ABN 14 655 779 187 is a Corporate Authorised Representative (ASIC 1296045) of Paragem Pty Ltd ABN 16 108 571 875 Australian Financial Services Licence 297276. Australian Credit Licence 389087.
W: paragem.com.au T: (02) 8036 6490
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