3 things to do before 30th of June (EOFY) #wealthbuilding #moneymanagement
Description
Three EOFY reminders that are worth thinking about before 30 June.
Making extra contributions to your super can be a great way to reduce tax. Depending on your tax bracket, every dollar you contribute could be taxed at 15% in super rather than your marginal tax rate.
If you have a super balance over $3 million, there are important changes coming from 1 July 2026. It may be worth speaking with your adviser about strategies that could help manage your balance moving forward.
And finally, start gathering your receipts now. Being organised before tax time makes it much easier for your accountant to identify eligible deductions and help you maximise your return.
A little planning now can make a big difference at tax time.
General advice only.
#EOFY2026 #TaxPlanning #Superannuation #TaxTips #financialfreedom
The information provided in this article is general in nature only and does not constitute personal financial advice.