From revamped thresholds for high earners to major changes to superannuation, here are the critical adjustments set to reshape your personal finances from July 1.
This story is part of our EOFY series.
From Wednesday, everybody earning over $45,000 will receive a small tax cut of $268 this financial year, rising to $536 in 2027-28 and every year thereafter.
Other pluses starting on July 1 include an increase in the pre-tax super contribution threshold from $30,000 to $32,500, which means you can save more for retirement.
Series
From deduction tips and super savings to advice on what not to do, these are the ways you can come out ahead at tax time.
High-income earners on $220,000 could claw back tens of thousands of dollars if they claim for superannuation, loan interest, car logbooks and insurance.
