As we approach the end of another financial year, many people start thinking about tax returns, superannuation contributions, and paperwork. While those things are certainly important, we’ve found that the people who have the smoothest EOFY experience are often the ones who take the time to get organised well before 30 June arrives.
Here are our top five tips for a smoother end of financial year.
- Make Sure You Can Access Your ATO Portal Through MyGov
If you haven’t logged into your MyGov account for a while, now is the perfect time to check that everything still works.
Your ATO portal contains valuable information including income details, superannuation information, carry-forward concessional contribution balances, tax lodgements, and much more. Unfortunately, many people only discover they can’t access it when they urgently need something.
If you’ve forgotten your login details, changed phone numbers, or never linked the ATO to MyGov in the first place, don’t leave it until the last minute.
And if you’re one of our clients, don’t worry—we’re happy to help guide you through the process.
- Have Online Access to Your Superannuation
Superannuation is often one of our largest assets, yet many people don’t have online access to their account.
Being able to access your super fund online allows you to check your balance, investment options, insurance cover, beneficiary nominations, contributions, and important correspondence.
If you don’t have access, ask yourself:
- Do I know how to log in?
- Are my contact details up to date?
- Can I view my current balance and transactions?
If you prefer not to manage this yourself, your adviser should be able to help. At Moore Financial Advice, we maintain adviser access to many client super funds, allowing us to assist quickly when information is needed.
- Think About What the Next Financial Year Looks Like
EOFY isn’t just about looking backwards—it’s also a great opportunity to look ahead.
Consider whether any major life events or financial decisions are on the horizon, such as:
- Retirement
- Selling an investment property or other asset
- Receiving an inheritance
- Starting a pension
- Changing employment
- Taking an extended holiday
- Making significant super contributions
The earlier you identify these events, the more opportunity you have to plan effectively and potentially improve your financial outcomes.
Some of the best financial strategies are the ones that are implemented before the event occurs.
- If You Have an SMSF, Start the Conversation Early
For Self-Managed Super Fund trustees, EOFY preparation is particularly important.
Now is the time to make sure:
- Contributions have been planned and documented
- Pension payments have been calculated and paid
- Investment transactions have been recorded
- Contribution strategies are in place
- Your accountant and adviser are working together
One of the biggest mistakes we see is when advisers and accountants work in isolation. The best outcomes often occur when everyone is working from the same plan and communicating regularly.
We regularly work alongside our clients’ accountants to ensure strategies are implemented correctly and efficiently.
- Don’t Wait Until the Last Minute
This may be the most important tip of all.
Every June, accountants, advisers, super funds, and administration teams become incredibly busy. The closer you leave things to 30 June, the fewer options may be available.
Reaching out early gives everyone more time to help. A quick phone call or email today can often prevent a lot of stress later.
Here’s a handy EOFY Checklist for you
□ MyGov access working
□ ATO linked to MyGov
□ Super fund login available
□ Major financial events identified
□ Accountant and adviser contacted
□ EOFY actions scheduled before 30 June
Final Thoughts
EOFY doesn’t need to be overwhelming.
If you’d like help reviewing your EOFY opportunities or preparing for the next financial year, we’d be happy to have a conversation.
After all, good financial planning isn’t just about what happened last year—it’s about being prepared for what’s coming next.
In your corner. Always.
