Maximise your tax savings, boost your financial position, and head into the new financial year with confidence.
The end of the financial year (EOFY) is fast approaching, and it’s not just a time for accountants and tax returns—it’s a golden opportunity to take control of your finances, make some strategic decisions, and potentially save thousands.
At Trusted Financial Choice, we work with clients—from homeowners to business owners—who want to make smarter financial choices all year round, but especially in the lead-up to June 30.
Here are five EOFY money moves that could help you finish the year strong and set yourself up for success in the new one.
- Review Your Home Loan – Are You Paying Too Much?
Interest rates have shifted significantly over the past two years, and many borrowers are still sitting on rates that are no longer competitive.
Now is the perfect time to:
- Compare your current rate with what’s available across other lenders
- Explore refinancing to a lower rate, better structure, or cashback offer
- Consolidate debts if you’ve built up credit card or personal loan balances
Even a small reduction in your rate could save you thousands per year. Plus, having a more flexible or offset-friendly loan structure could improve your cash flow heading into the new financial year.
???? EOFY Tip: Lenders can take a few weeks to process applications—so the earlier you start, the better.
- Prepay Investment Property Expenses
If you own an investment property, now is the time to talk to your accountant (and broker) about prepaying certain expenses to bring forward tax deductions into this financial year.
You may be able to prepay:
- Up to 12 months of interest on your investment loan
- Council or strata fees
- Property management costs
- Landlord insurance
Not only can this reduce your taxable income for the year, but it also helps smooth your cash flow for the year ahead.
???? EOFY Tip: Make sure your loan is correctly structured as investment debt so you don’t miss out on key deductions.
- Consider Super Contributions (If It Suits Your Strategy)
While superannuation advice should come from a licensed financial planner, it’s worth noting that concessional contributions can offer great tax benefits for eligible individuals.
Some of our clients—particularly business owners and high-income earners—choose to make extra super contributions before EOFY to reduce taxable income and boost retirement savings.
???? EOFY Tip: Contributions must hit the fund by June 30—so don’t leave it to the last week.
- Organise Your Financials – Especially if You’re Self-Employed
If you’re a business owner or self-employed, having your financials up to date before EOFY isn’t just good tax hygiene—it can help with loan applications too.
Lenders often ask for the latest:
- Profit & loss statements
- BAS statements
- Business bank statements
- ATO portal summaries
Getting these in order early can fast-track any new lending you’re planning—whether it’s buying property, refinancing, or investing in your business.
???? EOFY Tip: Some lenders now offer fast-track business loans or low-doc options using your accounting software. We can help you explore these.
- Book a Strategy Session with Your Broker and Accountant
EOFY is not just about compliance—it’s a chance to reset your goals, review your financial strategy, and make sure all your moving parts (loans, income, tax, savings) are working together.
At Trusted Financial Choice, we often collaborate with our clients’ accountants to:
- Structure lending for optimal tax efficiency
- Plan ahead for purchases or investments in the new financial year
- Identify potential risks or opportunities
???? EOFY Tip: Make your broker part of your financial team—not just someone you call when you need a loan.
Don’t Let June 30 Sneak Up on You
The days leading up to EOFY can be busy—but a few smart money moves now can make a big difference to your financial future.
Need help reviewing your loans, accessing equity, or preparing to buy or invest in the new financial year?
???? Book a free strategy call with our team today and let’s make this EOFY count.