EOFY 2027 · Australia

EOFY 2027 Checklist: What to Do Before 30 June

By Lee · MoneyHackHQ founder · Last updated October 2026

The Australian financial year ends on 30 June, and a handful of money moves are only available if you act before then. Most of them are simple, but they share one trap: the deadline is a hard legal line, not a soft suggestion. This is a plain-English checklist of what is worth doing before 30 June 2027, roughly in order of how much it can save you.

1. Top up your super (the biggest lever)

Concessional (before-tax) super contributions are taxed at 15% inside super instead of your marginal rate, which is why this is usually the highest-impact EOFY move for anyone on a decent income. For 2026–27 the concessional cap is $32,500, and that figure includes your employer’s contributions plus any salary sacrifice and personal deductible contributions.

If you haven’t used your full cap in recent years, the carry-forward rule lets you scoop up unused cap from up to five previous years — but only if your total super balance was under $500,000 on 30 June of the prior year. For self-employed people and sole traders, personal deductible contributions are one of the most commonly missed deductions, but you must lodge a Notice of Intent to Claim with your fund before you lodge your tax return.

2. Crystallise capital losses to offset gains

If you’ve sold investments at a profit this financial year, you’ll likely owe capital gains tax. One way to reduce that bill is to realise losses on investments that are underwater before 30 June — those capital losses offset your capital gains for the year, and any unused losses carry forward to future years.

This only works if the sale settles within the financial year, so don’t leave it to the final days. A few honest cautions: never let the tax tail wag the investment dog — only sell something you actually want out of. And be aware the ATO takes a dim view of “wash sales,” where you sell purely for the tax loss and buy the same asset straight back. If you manage your own shares or ETFs, this is the kind of housekeeping you can do yourself on your investing platform.

3. Prepay deductible expenses

If you have legitimately deductible expenses, paying for them before 30 June brings the deduction into this financial year instead of next. Common examples include income-protection insurance premiums, professional subscriptions or memberships, and — for investors and the self-employed — up to 12 months of prepaid interest on an investment loan under the prepayment rules.

This is most useful if you expect to earn less next year, or simply want to bring the benefit forward. If your income is rising, the opposite can be true, so think about which year the deduction is worth more in before you prepay.

4. Get your deductions and records in order

The deductions you can actually claim are the ones you can substantiate. Before the year closes, pull together your work-related expenses, home-office records, charitable receipts, and any investment or income statements. Doing this now — rather than scrambling in October — means you won’t leave money on the table simply because you couldn’t find a receipt.

5. Donate to charity before 30 June

Donations of $2 or more to a registered deductible gift recipient (DGR) are tax-deductible — but only in the financial year you actually make the gift, regardless of when the receipt arrives. If you were planning to give anyway, doing it before 30 June pulls the deduction into this year. Keep the receipt, and check the charity has DGR status (most well-known ones do).

6. Plan what to do with your refund

This one isn’t a deadline item, but it’s worth deciding now so the money doesn’t just evaporate. If a refund is coming, the highest-value uses are usually paying down high-interest debt, topping up an emergency fund, or investing it. A few options depending on how hands-on you want to be:

• Hands-off ETF investing: Betashares Direct lets you invest in diversified ETFs (including all-in-one funds like DHHF) with no brokerage on ASX-listed ETFs — a simple way to put a refund to work.
• Just getting started / micro-investing: Raiz rounds up your spending and invests the spare change into diversified portfolios — an easy on-ramp if investing feels intimidating. Check the current referral offer when you sign up.
• Parking it somewhere that earns: a high-interest savings account beats leaving it in a transaction account. Options like Up Bank and Ubank pay competitive rates with no monthly fees.
  
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Whichever you choose, investing involves risk and returns aren’t guaranteed — read the relevant PDS and consider whether it suits your situation before committing.

Why 30 June 2027 matters more than usual

The 2026–27 Federal Budget announced changes to negative gearing and the capital gains tax discount from 1 July 2027. For established residential property bought after Budget night (12 May 2026), rental losses would no longer be deductible against wages and other income. For capital gains, the 50% discount would be replaced by indexation of the cost base, with the 50% discount still applying to gains made on existing assets up to 1 July 2027. If you’re a property investor or hold investments with large unrealised gains, get advice well before 30 June 2027, and check the final rules on the Treasury Budget page before you act.

The bottom line

Most of the EOFY wins come down to timing: super topped up and received by your fund, losses crystallised, expenses prepaid, donations made, and records organised — all before 30 June. None of it is complicated, but all of it disappears once the clock ticks over to 1 July. Start with super if you have the cash and the cap room, since that’s usually where the biggest saving sits, and work down from there.