Not every item below will apply to you. If you have any doubt, please email or call us.
Superannuation
- Concessional cap top-up. $30,000 limit (includes employer SG). Contribute personally and claim a tax deduction. Funds must be received and cleared by the super fund before 30 June. This limit increases to $32,500 in FY27.
- Carry-forward contributions. If your total super balance was below $500,000 at 30 June 2025, there may be an opportunity to use unused concessional caps from FY21 onward in a single year. This applies to young adults aged 18 and over. Ask us if you have questions.
- Non-concessional contribution. $120,000 limit (or $360,000 three-year bring-forward if not triggered). Requires total super balance below $2M. Must be under 75. This limit increases to $130,000 in FY27.
- Spouse contribution. Spouse income < $37,000? Contribute $3,000 → up to $540 tax rebate.
- Co-contribution. Contribute $1,000 to receive up to $500 if more than 10% of your income is from employment and your income is below $62,488.
- SMSF minimum pension. Must be paid by 30 June or fund earnings lose tax-free status.
- Division 296 NEW – Rules commence on 1 July 2026, but the key date is 30 June 2027 to determine if the new tax applies to you. We will discuss this further with you over the next six months if you are affected.
Property, Capital Gains & General Tax
- Realise capital losses. Offset any gains crystallised this year. Contract date (not settlement) determines the tax year.
- Prepay deductible expenses. Investment loan interest, insurance, subscriptions — up to 12 months in advance. Must be paid before 30 June.
- Charitable donations. Obtain the receipt in the highest-income earner’s name. Must be to a registered DGR.
- Trust income resolutions. Resolutions by 30 June 2026 or default tax rates apply.
- Division 7A loan repayments. Minimum repayments due by 30 June. FY26 interest rate: 8.37%.
- New investment property structure. Properties contracted after 7:30pm on 12 May 2026 face new negative gearing rules from 1 July 2027. The next 12 months are a grace period. This will likely reduce the number of investors in the residential market and the amount they can afford to borrow compared with the position before the new rules.
- Holiday home deductibility. The ATO now requires the primary purpose to be income‑producing. Deductions are restricted from 1 July 2026 if this test is not met. If you rent out a second home, this will be an increasing area of ATO scrutiny.
- PAYG instalment variation. Forecast lower income in FY26? Talk to your accountant about varying your final June instalment before lodgement.