The end of the financial year is one of the most important dates on your money calendar. Here are some things you may like to consider before 30 June.

Whether you’re a seasoned investor or just starting to get your finances in order, the lead-up to 30 June is a critical window. A few well-timed decisions could reduce your tax bill, grow your retirement savings, and set you up for a stronger year ahead. Here’s what to consider reviewing right now.

1. End-of-Financial-Year Superannuation Check-In

As the end of the financial year approaches, it may be a good time to review your superannuation contributions and ensure you’re making the most of any opportunities available to you. Depending on your circumstances, you may wish to consider:

• Reviewing your pre-tax (concessional) super contributions, including employer contributions and any salary sacrifice arrangements.
• Exploring after-tax (non-concessional) contributions if you’re looking to boost your retirement savings.
• Checking whether you have any unused contribution cap amounts that may be available from previous years.
• Determining whether you’re eligible for government incentives or tax offsets related to super contributions.
• Reviewing contribution limits and eligibility requirements that apply to your situation.

If you’re planning to make additional contributions before the end of the financial year, remember that funds generally need to be received by your superannuation provider before the relevant deadline. Processing times can vary, so it’s worth checking with your fund well in advance.

As rules, contribution caps and eligibility criteria can change, consider reviewing the latest information from the Australian Taxation Office (ATO) or seeking professional financial advice if needed.

2. Tax Deductions to Consider

The timing of certain expenses may affect your tax position. If you anticipate changes to your income or tax situation, it may be worth considering which deductions could apply to you before 30 June. Some areas you may wish to review include:

• Work-related expenses. Depending on your occupation and circumstances, you may be able to claim certain work-related costs. The ATO provides guidance on what qualifies and what records you’ll need to keep.
• Working from home. If you work from home, there may be deductions available to you. The ATO has specific methods for calculating these claims, each with different record-keeping requirements. It’s worth reviewing the current rules to understand which approach suits your situation.
• Charitable donations. Donations to eligible organisations may be tax-deductible. Not all charitable giving qualifies, so it’s worth verifying the status of any organisation before assuming a deduction applies.
• Personal super contribution deductions. If you’ve made personal after-tax contributions to super and may wish to claim a deduction, there are specific steps and deadlines involved. Speak with your super fund or a financial adviser to understand what’s required and whether this applies to you.
• Investment property expenses. If you own an investment property, there may be deductible expenses to review. The ATO’s Moneysmart website provides a useful overview of tax and investment property.

Records reminder: Good record-keeping is essential for any tax claims. Gathering relevant invoices, receipts, and supporting documents before 30 June — rather than at tax time — can make the process much smoother. For guidance on what records you’ll need, refer to the ATO’s current requirements.

3. Review Your Savings Goals

EOFY is a useful reset point for your financial plan.

Beyond any immediate tax considerations, the end of June is a natural checkpoint to step back and assess where you’re at financially — and where you want to be by this time next year. Some things worth considering:

• First Home Super Saver Scheme (FHSS). If you’re saving for your first home, it may be worth exploring whether voluntary super contributions could play a role in your deposit strategy. Eligibility conditions and limits apply, so check the ATO website for current details.
• Emergency fund check. EOFY is a practical time to review whether your emergency savings are where you’d like them to be. If you’re looking for a flexible savings option, our Easy Street Flex Saver offers a competitive rate with no restrictions on withdrawals or deposits.
• High-interest debt. Reviewing and reducing non-deductible high-interest debt may be worth considering as part of your overall financial position.
• Capital gains and losses. If you hold investments, it may be worth reviewing your position before 30 June. The ATO provides guidance on capital gains tax, including how gains and losses interact and what records you’ll need.
• Set goals for 2026–27. EOFY is a good time to reflect on your financial progress and think about what you’d like to focus on in the year ahead. Moneysmart’s free tools — including a budget planner and savings calculator — can be a helpful starting point.

The window between now and 30 June is short — but it’s enough time to make a real difference to your financial position and momentum heading into the new financial year.

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