As we approach the end of the 2026 financial year, it is an opportune time to review your tax position and consider strategies to optimise your outcome. Proper planning before 30 June can assist in maximising available deductions, managing cash flow, and ensuring compliance with ATO requirements.

This checklist outlines key tax considerations for individuals, businesses, and trustees, including recent developments and upcoming changes that may impact your planning for the 2027 financial year and beyond. As this information is general in nature, we recommend seeking tailored advice based on your specific circumstances.

Overview

  • Superannuation (in pension phase). Ensure minimum pension amounts have been withdrawn before 30 June.
  • Payday Super. From 1 July 2026, super must be paid at the same time as wages.
  • Closure of SBSCH. Small Business Super Clearing House closing on 30 June 2026, alternatives need to be found before 30 June 2026.
  • Trustees of discretionary trusts. You are required to document your annual distribution decision before 30 June.
  • Personal tax rates.
  • Company tax rate is 25% and remains at 25% in 2026. (Base rate entities only).
  • Improved and expanded asset write-off incentives still apply. The Government has extended this measure to 30 June 2025. From 1 July 2025 it is proposed that this incentive will become permanent.
  • Cryptocurrencies and digital assets. The Australian Taxation Office (ATO) has access to extensive data from exchanges and service providers that can easily match transactions to clients.

Click here to view or download StewartBrown's Year End Tax Planning Checklist for the year ending 30 June 2026.