Personal Tax Planning Before 30 June 2026: Small Decisions, Big Impact
Personal tax planning doesn’t have to be complex - but it does require awareness and timing.
Here are some common areas individuals may want to review before EOFY.
Super Contributions
- The concessional cap for FY2026 is $30,000.
- Unused concessional caps from prior years may still be available.
- Contributions must be received by your super fund before 30 June.
Work‑From‑Home Expenses
If you work from home, the ATO’s revised fixed‑rate method allows a claim of 70 cents per hour, provided accurate records are kept.
Investment Considerations
- Capital gains and losses should be reviewed together.
- The contract date, not settlement date, usually determines when tax applies.
- Deferring or bringing forward transactions can change timing of tax payable.
Prepaying Expenses
Certain investment‑related expenses - like interest or insurance - may be prepaid to bring deductions forward.
Stay Flexible
With the May 2026 Federal Budget, keeping options open before 30 June is critical. Once the year ends, flexibility disappears.
