Take Advantage of Smart Financial Planning Before 30 June 2025

As the end of the financial year 2024/25 approaches, now is the perfect time to review your finances and consider strategic opportunities to maximise your financial position.

Effective end-of-financial-year planning can lead to real benefits — including tax savings, enhanced superannuation contributions, and improved investment outcomes.

Here are just a few strategies you may wish to consider before 30 June:

• Boost your superannuation through concessional or non-concessional contributions, including catch-up contributions, spouse contributions, and government co-contributions.
• Review deductible expenses such as work-related costs, donations, and prepayments to reduce your taxable income.
• Assess capital gains and losses within your investment portfolio to minimise tax liability.
• Explore tax offsets you may be eligible for — including low-income, senior and pensioner, or private health insurance rebates.
• Refine your retirement strategy by reviewing your goals, consolidating super accounts, or considering transition to retirement income streams.
• Manage debt efficiently by reviewing existing loans, exploring consolidation options, or locking in favourable interest rates.
• Update your estate plan, including wills, powers of attorney, and superannuation nominations.
• Access government incentives that may apply to you as a first home buyer, business owner, or investor in research and development.

Taking action now can make a significant difference to your financial wellbeing.

To tailor these strategies to your personal circumstances and ensure you make the most of the opportunities available, book an appointment with our expert financial advisers today.