As the 2025/26 financial year draws to a close, now is an ideal time to review your financial position and identify opportunities to improve your long-term financial wellbeing. The weeks leading up to 30 June can present valuable tax, superannuation and investment planning opportunities that may help you build and protect your wealth more effectively.
At Fiducian Financial Services Doncaster, we believe EOFY planning should be about more than simply reducing tax. A well-structured financial strategy can help ensure your investments, retirement planning, estate planning and cash flow management remain aligned with your personal goals.
1. Review Your Tax Position
Before the financial year ends, it is important to review your taxable income and identify legitimate opportunities to improve your tax position.
This may include:
- Reviewing work-related and investment-related deductions.
- Considering charitable donations before 30 June.
- Reviewing eligible tax offsets and rebates.
- Ensuring records and documentation are up to date.
Depending on your circumstances, strategic planning before year-end may help reduce your overall tax liability while supporting your broader financial objectives.
2. Make the Most of Superannuation Opportunities
Superannuation remains one of Australia’s most tax-effective wealth-building vehicles.
EOFY is often an excellent time to review:
- Concessional (pre-tax) contributions.
- Non-concessional (after-tax) contributions.
- Carry-forward contribution opportunities.
- Spouse contributions.
- Government co-contributions.
- Salary sacrifice arrangements.
Many Australians are unaware of the contribution strategies available to them, particularly those approaching retirement or experiencing changes in income. Reviewing these opportunities before 30 June may help improve retirement outcomes while potentially delivering tax benefits today.
3. Assess Your Investment Portfolio
Market movements throughout the year can cause investment portfolios to drift away from their intended asset allocation.
EOFY provides a valuable opportunity to:
- Review portfolio performance.
- Rebalance investments where appropriate.
- Assess capital gains and losses.
- Evaluate whether your investments remain aligned with your goals and risk profile.
- Consider tax-effective investment structures.
For investors, careful portfolio management can help improve long-term outcomes while managing risk and taxation effectively)
4. Review Your Debt Strategy
Higher interest rates over recent years have highlighted the importance of managing debt efficiently.
Now may be a suitable time to:
- Review mortgage and loan structures.
- Consider refinancing opportunities.
- Evaluate debt consolidation options.
- Prioritise repayment of higher-interest debts.
- Improve overall cash flow management.
A well-designed debt strategy can help strengthen your financial position and free up funds for future investment and retirement goals.
5. Check Your Retirement Plan
Whether retirement is approaching or still many years away, EOFY is an excellent time to assess your progress.
Key considerations include:
- Reviewing retirement savings projections.
- Confirming your expected retirement lifestyle remains achievable.
- Considering transition-to-retirement strategies.
- Consolidating multiple superannuation accounts where appropriate.
- Reviewing pension and income stream arrangements.
Small adjustments made today can have a significant impact on your retirement outcomes over the long term.
6. Update Your Estate Planning
Estate planning is often overlooked, yet it remains one of the most important components of a comprehensive financial plan.
Consider reviewing:
- Your Will.
- Powers of Attorney.
- Superannuation beneficiary nominations.
- Family trust arrangements.
- Asset ownership structures.
Life events such as marriage, divorce, retirement, business succession or the birth of children and grandchildren may necessitate updates to your estate planning arrangements.
7. Explore Available Government Incentives
Various government programs and incentives may provide valuable financial opportunities depending on your circumstances.
- First home buyer assistance programs.
- Small business tax concessions.
- Government superannuation co-contributions.
- Research and development incentives for eligible businesses.
Understanding what support is available can help maximise opportunities and improve financial outcomes.
Start Planning Before 30 June
The end of the financial year often arrives sooner than expected. Taking proactive action before 30 June may help you optimise your tax position, strengthen your retirement savings, improve investment outcomes and ensure your broader financial strategy remains on track.
Every individual’s circumstances are different, which is why personalised advice is so important.
At Fiducian Financial Services Doncaster, we work with clients to develop tailored financial strategies designed to help them achieve their personal and financial goals.
If you would like to discuss EOFY planning opportunities or review your current financial strategy, contact our office on:
(03) 9848 5933
To arrange an appointment with our experienced financial planning team.
Source: www.fiducian.com.au
Lindale Insurances Pty Ltd ATF Lindale Insurances Trust ABN 27 027 421 832 is a Franchisee of Fiducian Financial Services Pty Ltd, Level 4, 1 York Street, Sydney NSW 2000. AFSL 231103 ABN 46 094 765 134.
The information (including taxation) provided on this website is general in nature and does not consider your individual circumstances or needs. Do not act until you seek professional advice and consider a Product Disclosure Statement.
Disclaimer: The views expressed in this publication are solely those of the author; they are not reflective or indicative of Fiducian. They cannot be reproduced in any form without the express written consent of the author.
