End Of Year Tax Planning Checklists

Amongst the tax changes and no-changes for 2024-25 are: The legislation for the promised $20,000 instant asset write-off extension for smaller businesses in 2024-25 has been approved by parliament.

Super contribution caps are $30,000 for 2024-25, (up from $27,500 in the previous year). The transfer balance cap is $1.9 million (no change) but rises to $2 million from 1 July 2025.

As confirmed in the Federal Budget 2025 personal tax rates and thresholds for 2024-25 remain unchanged from the previous year. Adjustments are due to kick in from 1 July 2026, but these may be reversed if the Government is not re-elected on 3 May 2025.

Super Guarantee contribution rate changes from 11.5% to 12% from 1 July 2025, in accordance with the previously legislated schedule.

2025

2024

2023

2022

2021

2020

2019

2018

2016

2015 and earlier

See also:

This page was last modified 2025-04-15