Kensington Financial Services

Hitting the finish line felt so good.

Thank you to Jodi Lee Foundation for an amazing event.

Thanks to the OptusSA crew, appreciate you letting me be part of the gang and all the prep and support you provide. An amazing group of people xo

🌟 EOFY Is Almost Here — Time to Get Tax‑Smart! 🌟
As we head toward the end of the financial year, now is the perfect time to check what you can do to save on tax and boost your super.

I’ve put together a simple EOFY Checklist you can use for yourself — and feel free to share it with friends or family who might find it helpful.

If you’d like more information on any of these items, just reach out.

✅ EOFY Checklist
Superannuation
• Super Contributions
You can contribute up to $30,000 in deductible super contributions (including employer SG, salary sacrifice and personal deductible contributions).
A lump‑sum top‑up before 30 June may help maximise your limit — just remember to lodge a Notice of Intent.

• Catch‑Up Contributions
If your total super balance is under $500,000, you may be able to use up to 5 years of unused concessional caps. Great for offsetting capital gains or one‑off taxable income.

• Super Co‑Contribution
If you (or your partner/children) earn under $47,488 in 25/26, a $1,000 after‑tax contribution could earn a $500 government co‑contribution.

• Spouse Contributions
If your spouse earns under $37,000, you can contribute up to $3,000 to their super and receive up to $540 back as a tax offset.

Insurance & Investment
• Income Protection
Premiums paid from your own cash flow (not via super) are generally tax‑deductible.

• Pre‑Pay Interest
If you have a margin loan or deductible investment expenses, you may be able to pre‑pay next year’s interest and claim it this year.

• Capital Losses
Selling an underperforming investment before 30 June may help offset capital gains.
(Keep an eye on potential changes announced in the May 2026 Budget.)

Charity & Deductions
• Charitable Donations
Donations to registered charities are usually tax‑deductible — and a great way to give back.

• Work‑Related Deductions
You may be able to claim:
– Work‑related education
– Travel, flights, accommodation, fuel
– Professional memberships, subscriptions, journals, union fees
– Accounting fees
– Work‑from‑home expenses ($0.70 per hour)
– Home office equipment and running costs

Small Business
• Instant Asset Write‑Off
The $20,000 instant asset write‑off remains available for 25/26.
Applies to businesses with turnover under $10 million.

Investments & CGT
• Investment Expenses
Maintenance, repairs and management costs for investment properties or portfolios may be deductible.

• Capital Gains Tax
If selling an asset with a gain, consider timing the sale in a year with lower income.
Holding the asset for 12+ months gives access to the 50% CGT discount.

🔹 Non‑Tax Items to Keep in Mind
• After‑Tax Super Contributions
Up to $120,000 per year, or $360,000 using the bring‑forward rule.

• Gifting (Age Pension rules)
Up to $10,000 per year, or $30,000 over 5 years (with annual caps).

• Super Guarantee
SG rate remains at 12%, and payday super begins — employers must pay super at the same time as wages.

• Transfer Balance Cap
The cap increases from $2.0m to $2.1m from 1 July 2026.

⚠️ A Quick Reminder
These are general tips only — what’s right for you depends on your personal situation. Always check with a financial adviser or accountant before taking action.

If you have questions or want help working through the checklist, we’re here to help.

Never been so happy to see a finish line.
So many different terrains today, thanks to weather for looking after us.

First beer is a big cheers for all the support, thank you.

An absolute great event, thanks Jodi Lee Foundation

Halfway point today.

Passed so many wineries around McLaren Vale, lucky they are closed otherwise I might not finish the trek 🍷😂

Day 2, here we go!!!

Jodi Lee Foundation

First Day Complete Yay!!!

37,563 steps

Weather wasn't too bad but I think tomorrow will be worse.

Not too late to Donate
https://fundraise.jodileefoundation.org.au/fundraisers/simonburge/jlf-trek-sa-2026

Jodi Lee Foundation

Progress pics

Jodi Lee Foundation

Thats not scary at all

About to start the first day.

https://fundraise.jodileefoundation.org.au/s/303/1741

Jodi Lee Foundation

Off to an early start, weather looking good, at the moment.

Great sunrise

https://fundraise.jodileefoundation.org.au/s/303/1741