End of Financial Year: Final Days Checklist and What to Do Next
With only a few days remaining until the 30th June, the focus naturally shifts from planning to action.
At this stage, it’s not about exploring new strategies – it’s about ensuring that what needs to be done has actually been completed and processed in time.
But while the deadline is important, it’s equally valuable to recognise what comes next.
EOFY is not just an endpoint. It’s also a transition into a new financial year – and a chance to move forward with clarity.
Final Days: What Still Matters Before the 30th June
In the final days leading up to EOFY, timing becomes critical.
It’s no longer enough to decide on a strategy – it needs to be completed, received, and processed before the deadline.
Here are some key areas to review:
1. Superannuation Contributions
Super contributions must be received by your fund before the 30th June to count for this financial year.
This includes:
- Concessional contributions (including salary sacrifice or personal deductible contributions)
- Non-concessional contributions
Delays in processing can mean missing the deadline – even if the intention was there.
2. Investment Decisions
If you’ve been considering changes to your portfolio, these need to be executed and settled before EOFY.
This may include:
- Realising capital gains or losses
- Rebalancing your portfolio
- Bringing forward planned investment decisions
3. Capital Gains Considerations
EOFY is a key point for reviewing capital gains and losses.
Decisions made now can influence:
- Your taxable income
- The timing of tax liabilities
- Future investment positioning
4. Charitable Contributions
Donations must be completed and receipted before the 30th June to be eligible for a tax deduction this financial year.
5. Documentation and Record Keeping
Ensuring your records are organised now can make the tax process smoother.
This includes:
- Contribution confirmations
- Investment transactions
- Donation receipts
The Reality: What If You’ve Left It Late?
A common question in the final days is:
“Is it too late to do anything?”
The answer depends on timing.
Some strategies require processing time and may no longer be effective before the 30th June. However, this doesn’t mean the opportunity is lost – it simply shifts into the next financial year.
What Happens After the 30th June?
Once EOFY passes, the focus moves from last-minute actions to forward planning.
This is where many of the most valuable strategies are actually implemented – without the pressure of deadlines.
Planning Ahead: Setting Up the New Financial Year
The start of a new financial year is one of the best opportunities to take a proactive approach.
This can include:
Starting Super Contributions Early
Rather than rushing in June, contributions can be planned and spread across the year.
Reviewing Investment Positioning
Markets and portfolios evolve over time.
A new financial year is an ideal time to reassess:
- Asset allocation
- Risk alignment
- Investment strategy
Structuring for the Year Ahead
Planning ahead allows you to:
- Avoid last-minute decisions
- Take advantage of opportunities early
- Maintain consistency in your financial strategy
Why This Matters
One of the most common patterns we see is leaving decisions until the final weeks of June.
While this can still be effective, it often limits options and increases pressure.
By contrast, starting the new financial year with a clear plan allows for:
- Better decision-making
- More flexibility
- Stronger long-term outcomes
Final Thoughts
The final days before EOFY are about making sure nothing is missed.
But the real opportunity lies in what comes next.
EOFY should not just be seen as a deadline – but as a checkpoint.
A moment to close out the year properly, and step into the next one with direction.
If you’d like help finalising any last-minute items before the 30th June, or planning ahead for the new financial year, feel free to get in touch.
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