Tax Planning Before 30 June: Capital Gains & Super Strategies You Should Know

As 30 June draws near, it is time to review your financial position and take advantage of valuable planning opportunities before the financial year ends. With the right steps, you can reduce your tax bill and strengthen your superannuation balance — but many of these strategies require action before the deadline.

Capital Gains Tax: Timing is Everything

If you are planning to sell an investment property, shares, or other assets, timing your sale can make a significant difference to your tax outcome.

Capital gains tax (CGT) is triggered when you enter into a contract to sell, not when the sale settles. That means a sale contract dated 30 June 2025 will be taxed in the 2025 financial year, while a contract dated 1 July 2025 falls into the following year — giving you an extra 12 months to pay the tax.

More importantly, you should consider which tax bracket you will be in when the gain is realised. If you are retiring, taking time off, or expecting a lower income next year, deferring the sale may save you a substantial amount in tax. Speak with us before signing anything — we can help you work out the most tax-effective approach based on your overall circumstances.

And remember: to qualify for the 50% CGT discount, you must have held the asset for more than 12 months.

Super Contributions: More Than Just the Basics

Making tax-deductible contributions to superannuation is one of the most effective ways to reduce taxable income and grow your retirement savings. For the 2025 financial year, the standard concessional contributions cap is $30,000.

But here is where things get interesting: if your total super balance was under $500,000 on 30 June 2024, you may be eligible to catch up on unused contribution caps from the past five years — dating all the way back to 1 July 2019.

This means that if you have not made full use of your caps in previous years, you could potentially make a large one-off contribution of up to $162,500 this year and claim a tax deduction for it. This can be a powerful strategy for those approaching retirement, particularly if you have realised a capital gain or expect a high income this year.

⚠️ Important: Any unused cap from the 2019–20 year expires on 30 June 2025 — once it is gone, it cannot be recovered.

Bonus Tip: Super Contributions for Your Spouse

If your spouse earns less than $37,000, you may be eligible for a tax offset of up to $540 by contributing $3,000 to their super. This may not always be the best strategy compared to making a deductible contribution for yourself, but it is worth exploring.

Your spouse may also consider making their own non-deductible contribution of $1,000 to qualify for a government co-contribution of up to $500, depending on their income.

Re-Contribution Strategy: Smart Estate Planning

If you have access to your super and are still eligible to contribute, consider a re-contribution strategy. You can withdraw up to $360,000 (tax-free, if you are eligible), then recontribute it as a non-concessional contribution.

Why would you do this? Because it shifts money from the taxable component of your super to the non-taxable component. This can significantly reduce the tax paid by your adult children or other non-dependants if your super is left to them upon your death.

This strategy is especially useful for those in or near retirement who want to manage the tax implications for their estate.

Contribution Deadlines & Limits

To take advantage of any of these strategies, your super fund must receive the contributions by 30 June. This is critical. Do not leave it to the last minute, especially if you are transferring from a bank account or relying on clearing houses.

The key super caps for 2025 are:

• $30,000 concessional cap (before-tax contributions such as salary sacrifice or personal deductible contributions)

• $120,000 non-concessional cap (after-tax contributions)

• $360,000 if using the bring-forward rule, available to those under age 75

  
  

If you are turning 75 soon, this could be your last chance to boost your super under current rules.

Let Us Help You Get It Right

The end of the financial year is a key opportunity to make smart decisions that reduce tax and maximise wealth creation. Whether you are looking at selling an asset, topping up your super, or planning your estate, we can help you work through the options.

Work with us now to make the most of these opportunities before 30 June.

Please reach out if you would like to schedule a pre-30 June planning discussion