It's probably too late, but may as well use the last weekend of the financial year to tidy up some loose ends.
Top Priority
Super contributions must be received by the fund by 30 June, not merely initiated. This matters for deductible personal contributions, salary sacrifice, spouse contributions, co-contribution eligibility and non-concessional contributions. ATO says contributions count in the year the fund receives them. If you want your contribution to count for this FY, do it today!
Concessional cap is $30,000 for 2025-26, rising to $32,500 from 1 July 2026. Check employer SG already received, salary sacrifice and personal deductible contributions together.
Carry-forward concessional cap: people with super under $500,000 at 30 June 2025 may use unused cap amounts for the previous 5 FYs which can be found on MyGov (mostly… sometimes the ATO arbitrarily hides this information. If they hide the info, unfortunately you need to work it out manually.)
Notice of intent to claim deduction: anyone making personal deductible super contributions must lodge a valid notice and receive acknowledgement before claiming, and critically before rolling over, withdrawing, commuting or starting a pension.
Non-concessional contributions: 2025-26 cap is $120,000, increasing to $130,000 from 1 July 2026. For big bring-forward contributions, June versus July timing can materially change available cap and thresholds.
Retirement / SMSF
Transfer balance cap timing: general TBC rises from $2.0m to $2.1m on 1 July 2026. If a client is about to start their first retirement phase pension, consider whether waiting until 1 July gives them a higher personal cap.
Commutations do not satisfy pension minimums. Partial and full commutations don’t count toward the minimum pension payment, so SMSF clients need actual pension payments made before any full commutation.
SMSF 30 June housekeeping: market valuations, related-party rent/loan terms, LRBA repayments and interest, in-house asset ratio under 5%, investment strategy review, and pension documentation. In-house assets above 5% at year-end require a written plan.
High-balance super clients: Division 296 applies from 2026-27 for balances above $3m, so $3m+ clients should review liquidity, asset mix and valuations before the new regime starts.
Individuals
CGT planning: losses must be realised, not just sitting as paper losses. CGT timing is generally contract date, not settlement date.
Deductions paid by 30 June: donations, income protection premiums, deductible interest prepayments, professional fees and eligible work expenses.
Business / Trust Clients
Trust distribution resolutions must be made by 30 June, or earlier if the deed requires it. This is a classic “cannot fix in July” issue.
Employer super: June quarter SG is due 28 July, but if the business wants the deduction in 2025-26, the fund needs to receive it by 30 June.
Payday Super starts 1 July 2026: super must reach funds within 7 business days after payday, and the ATO Small Business Super Clearing House closes permanently from 1 July 2026.
STP finalisation is due 14 July 2026.
Instant asset write-off: eligible small-business assets under $20,000 must be first used or installed ready for use by 30 June 2026.
In anticipation of the disastrous CGT laws proposed, get the highest defensible valuation for your business and investment assets.