Before June 30: The EOFY Financial Decisions That Actually Matter

Webinar · Thursday 11 June 2026 · 5:00 pm AEST

The checklist below gives you the framework. But knowing what to tick off and knowing whether it makes sense for your situation are two different things.

In this session, Dejan Pekic from Newealth and Jane L Noller from JLN Accounting and Tax cut through the most common EOFY myths – and replace them with a clear-headed framework for making financial decisions that serve your long-term goals, not just your June 30 tax bill.

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Many Australians associate the end of financial year with tax returns, but an effective tax planning checklist involves much more than the receipts pile. With comprehensive EOFY financial planning, your small decisions can produce meaningful long-term outcomes.

Sustainable wealth creation requires clear financial goals, a tailored investment strategy and a holistic financial overview. And now is the ideal time to review, plan and structure. From superannuation to tax deductions, investment structures, insurance and documentation, an EOFY tax planning checklist will help you make considered, and effective, choices.

Missing the window costs more than most people realise. An EOFY checklist for individuals, with tailored guidance from a financial advisor, ensures the right decisions get made in the right order – and that your decisions remain consistent with your long-term goals.

1. Superannuation: The Highest-Leverage Strategy

Superannuation is the key investment for most Australians, but many people ‘set and forget’ super accounts. Understanding caps and contribution rules, and acting before 30 June, may reap benefits for your superannuation strategy.

Your EOFY financial planning should cover your super contribution cap 2024–25, including:

• Concessional caps (made from your before-tax income) – allow lower-taxed super contributions up to $30,000; check if there is any room left for contributions.
• Carry-forward concessional contributions – applicable for balances under $500,000 on 30 June each year; unused contributions can be carried forward within 5 years.
• Non concessional caps (made from after-tax income) – check contributions against the threshold, currently $120,000.
• Spouse contributions and government co-contributions – confirm eligibility and current levels.

Rules can be complex, which is why working with a financial planner is important to assess your eligibility and options, and ensure that you don’t pay unnecessary tax by surpassing concessional or non-concessional caps.

2. Capital Gains and Losses: The Quiet Tax Decisions

Every investment is subject to either capital gains or losses, which is why it’s essential to understand the tax implications of your investment strategy. Your pre–30 June checklist for capital gains and losses includes:

• Reviewing – tallying realised and unrealised positions across the portfolio.
• Loss harvesting – using realised losses to offset realised gains, where it suits the strategy.
• Calculating – the 12-month capital gains tax (CGT) discount rule lets you reduce CGT by 50% when selling assets held for at least 12 months; complying super funds received a 33.33% discount.
• Timing – plan asset sales on either side of 30 June where appropriate.

Tax outcomes should follow strategy, not the other way round. Selling an asset just to crystallise a loss can be the wrong decision if it doesn’t fit your long-term plan.

3. Deductions, Timing and Documentation: Small, Effective Outcomes

While deductions are central to tax returns, planning and timing help deliver optimum results. A checklist can help provide clarity on what you can deduct, when to time expenses and what documentation you need now and for your tax planning moving forward. This may include:

• Deductible expenses – prepaying deductible expenses such as interest on investment loans or income protection premiums held outside super may be beneficial if they suit your circumstances.
• Donations – charitable donations to deductible gift recipients must be made before 30 June.
• Investment-related deductions – confirm what’s eligible and what’s not.
• Record-keeping – confirm the standards required by the ATO, keeping in mind that the new $1,000 standard tax deduction for work-related expenses applies from 1 July 2026.

4. Insurance and Wealth Protection: Essential Annual Review

Comprehensive financial planning provides clarity around your finances, helping you make informed and strategic decisions, which is why EOFY is also an ideal time to review your personal insurance and wealth protection.

Here’s what to consider:

• Life, TPD, trauma and income protection cover – have your circumstances changed, or is the level still right for your financial situation?
• Premium structure (inside or outside super) – is your premium level (cost averaged at age of purchase) or stepped (recalculated based on age and health)? The tax treatment will vary as premiums shift.
• Beneficiary nominations on super and insurance policies – check that your listed beneficiaries are still relevant and make changes where necessary.

These decisions seem simple, and are easy to defer, but they can be very expensive to get wrong. EOFY is a natural prompt to revisit your insurance and wealth protection choices.

Where a Financial Adviser is Key

An EOFY checklist for individuals is a key part of your financial planning. But a checklist is only useful if the right things are on it – and if it sits within a broader financial plan. That’s why a skilled financial advisor makes all the difference.

At Newealth, we take a holistic approach to your finances. We help you coordinate decisions across super, investments, tax and insurance. We work alongside your accountant for seamless tax decisions. And we model the long-term impact of EOFY decisions, not just the current-year tax outcome. We provide clarity, so you can plan with confidence.

If you’d like to speak to us about your EOFY tax planning checklist, and understand which decisions are still on the table, contact us for a confidential discussion.

General Advice Warning:

The information in this blog is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider whether the information is appropriate for you and seek professional advice before making any financial decisions.
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