How Smart Tax Planning Before 30 June Saved One Client Over $20,000 in Tax
As we edge closer to the end of the financial year, tax planning becomes more than just a compliance requirement—it’s a real opportunity to maximise savings and boost your long-term financial position.
At SKD Accountants, we’re passionate about helping clients make smart, strategic decisions. Here’s a real-life case study of how we helped a client save thousands in tax with some well-timed planning before 30 June.
The Client: Dual-Income Earner with a Capital Gain
Our client, Sarah*, had a unique tax scenario. She is a full-time employee earning a salary and also runs her own company, from which she draws a wage. In the 2025 financial year, Sarah sold an investment property and was looking at a capital gain of $300,000.
With EOFY approaching, she came to us for advice on how to legally minimise her tax liability. And we delivered.
The Strategy: Timing and Super Contributions
After carefully reviewing her financials and forecasted income, we implemented the following two-part tax planning strategy:
1. Maximising Superannuation Contributions
We advised Sarah to take advantage of the concessional superannuation contributions cap, which in her case allowed her to contribute up to $30,000 into her superannuation fund. Because this is a tax-deductible contribution, it directly reduced her assessable income, cutting down the tax payable on her capital gain significantly.
Not only did she save on tax, but she also grew her retirement savings—a win-win!
2. Delaying Company Income to the New Financial Year
Since Sarah controls her own company, we recommended she delay paying herself any further income until after 1 July 2025. This allowed her to shift income into the next financial year, keeping her taxable income lower in the current year and reducing the amount of income she has to pay at the highest marginal tax rate.
The Result: Over $20,000 in Tax Savings
By strategically structuring her income and utilising her full super cap, Sarah reduced her taxable income enough to save over $20,000 in tax. All legally and efficiently.
The Takeaway: Don’t Leave Tax Planning Too Late
Sarah’s case is a prime example of why early tax planning is essential. Waiting until after 30 June means you’ve missed the opportunity to take advantage of smart strategies like these.
If you’ve sold an asset, run a business, or have multiple income streams, now’s the time to plan. The earlier you act, the more options you have to minimise your tax.
*Name changed for privacy.
Want to find out how much tax you could save before 30 June?
Book your free 30-minute tax planning session with our team today. Let’s tailor a strategy that works for you and your goals.