EOFY Checklist 2026
By Rachel O’Connor, Certified Financial Planner®
It's the countdown to the EOFY. Which means there's a window left to act on a few things before 30 June that future you will thank you for.
We’ve put together a checklist of opportunities that could save you tax, boost your super, or just leave you feeling a lot more on top of things.
EOFY Checklist 2026
Superannuation — PAYG employees and self-employed
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Top up your super with a personal concessional (before-tax) contribution
You can contribute up to $30,000 this financial year — including what your employer has already paid in and any salary-sacrifice contributions. Done right, it can reduce your taxable income.
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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. Especially relevant for women who've taken career breaks, gone part-time, or had years where super wasn't a priority.
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Contribute to your spouse's super
If your partner earns under $40,000, you could pop up to $3,000 into their super and claim a tax offset of up to $540.
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Top up with the government's co-contribution
If you earn under $60,400 and make an after-tax contribution, the government may chip in up to $500 through the co-contribution scheme.
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Make a non-concessional (after-tax) contribution
If you're under the $1.9M 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.
A personal concessional contribution can offset some of the tax hit on a big capital gain — like the sale of an investment property or shares.
More money working for your future. Less money heading to the ATO.
Make super contributions 1–2 weeks before 30 June. BPAY and clearing houses take days. Contributions need to clear by 30 June 2026 or they'll roll into the next financial year.
If you run your own business
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Bring forward deductible expenses
Prepay rent, insurance, subscriptions, and professional memberships — up to 12 months in advance.
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Use the instant asset write-off
The threshold is $20,000 per asset this year (dropping to $1,000 from 1 July). If you've been thinking about new tech, equipment, office furniture, or business tools — now's the time. The asset needs to be used (or ready to use) by 30 June.
Other EOFY reminders
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Private health insurance
If your income is over the threshold and you don't hold appropriate cover, you'll cop the Medicare Levy Surcharge.
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Income protection premiums
Paid outside super, they're tax-deductible.
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Charitable donations
Anything over $2 to a registered DGR is deductible. Make the donation before 30 June.
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Yes, the handbag
If you use a tote or bag to carry your laptop and work papers, it can be a tax deduction. We covered the rules in this F Word edition — worth a re-read before EOFY.
The information in this article is general advice only. It doesn't take into account your personal objectives, financial situation, or needs. Before making any financial decisions, you should consult a qualified financial adviser. Rachel O'Connor and Flourix Wealth Pty Ltd are authorised representatives of GPS Wealth Pty Ltd, AFSL 254544 | ABN 17 005 482 726.
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