Your Wealth Hub

Tax time often feels easier when you start early.

Understanding income, deductions, and timing ahead of EOFY can make the process smoother and less stressful.

If you’d like support getting organised, the team at Your Wealth Hub Advice is here to help.

Super can offer valuable tax benefits when used appropriately.

Understanding the steps, timing, and limits is essential to making these strategies work.

If you’re considering super contributions this EOFY, the team at Your Wealth Hub Advice is here to help you assess what’s right for your situation.

Hear from our CEO, Gavin Glozier on some of the key changes around Negative Gearing, CGT changes and the new tax thresholds on Family Trusts. There is still some great opportunities to build wealth, you just have to be clear on where you deploy your capital and have a good long term strategy to back it up. As always, if you need help navigating the new rules and want to talk to someone, please give us a call. Don’t forget, these ideas and concepts may not be for you so please seek advice if you wish to take any of this information on for yourself

Last night's Federal Budget announcement brings some significant updates for Australians heading into the new financial year.

Here are the key highlights from the 2026–27 Budget:

Tax Relief
The government is lowering income tax rates further for every Australian taxpayer. The 16% tax rate on income between $18,201 and $45,000 drops to 15% from 1 July 2026, and further to 14% from 1 July 2027.

Additional measures include:
- A new $1,000 instant tax deduction for work-related expenses from the 2026–27 income year — no receipts required
- A new Working Australians Tax Offset (WATO) of up to $250 per year from 2027–28, automatically applied to wage and salary earners
- Combined with earlier rounds of tax reductions, a worker on average earnings could be up to $2,816 better off annually by 2027–28 compared to 2023–24

Housing & Property Tax Reform
The government has introduced significant changes to property taxation, taking effect from 1 July 2027. These measures are not yet law — enabling legislation is still to follow.

- Negative gearing: Losses on established residential properties purchased after 12 May 2026 will be ring-fenced — they will only offset rental or property income, not salary or wages. Excess losses can be carried forward against future rental or property income. Properties owned before budget night are fully grandfathered under existing rules. New builds remain fully exempt.

- Capital gains tax: The 50% CGT discount will be replaced with cost-base indexation and a minimum 30% tax on net gains from 1 July 2027. This applies to all assets — including shares, property and pre-1985 assets. Gains earned before 1 July 2027 are protected under the current 50% discount. Pensioners and income support recipients are exempt from the 30% minimum rate. New residential property investors can choose between the old 50% discount or the new indexation method.

- The foreign investor ban on purchasing existing homes is extended to June 2029
- $2 billion over four years for local housing infrastructure to support up to 65,000 new homes

EOFY is a key moment for SMSF trustees to pause and review.

A few careful checks now can help prevent unnecessary stress and compliance issues later.

If you’d like support reviewing your SMSF strategy, the team at Your Wealth Hub Advice is here to help.

Understanding how tax brackets work can make planning and budgeting much clearer.

A little knowledge now can help you feel more confident and avoid surprises later.

If you’d like help applying this to your own situation, the team at Your Wealth Hub Advice is here to support you.

RBA Raises Cash Rate to 4.35%

The Reserve Bank of Australia (RBA) has increased the cash rate target by 25 basis points, bringing it to 4.35%.

The decision reflects persistent inflation, which picked up materially in the second half of 2025 and has continued into 2026, driven by both capacity pressures in the economy and the impact of the conflict in the Middle East on fuel and commodity prices.

What's driving the increase?
Higher fuel and related commodity prices are adding to inflation, with many firms experiencing cost pressures beginning to pass these on to consumers. Short-term inflation expectations have also risen, and the Board assessed that inflation is likely to remain above target for some time, with risks tilted to the upside.

What's next?
The RBA acknowledged materially heightened uncertainty in the outlook. The Board will continue to monitor global developments, domestic demand, inflation, and the labour market closely before making further decisions. Having now raised rates three times, the Board noted monetary policy is well placed to respond as conditions evolve.

Today's decision was made by majority — eight members voted to increase the cash rate to 4.35%, while one member voted to hold at 4.10%.

Financial opportunities often come when we least expect them and being prepared makes all the difference.

Helping children build confidence, independence, and strong money habits early can set them up to take advantage of opportunities as they arise.

If you’d like support creating a financial plan that prepares your family for the future, the team at Your Wealth Hub Advice is here to help.

Saving is one of the first and most important money habits children can learn.

By giving savings a clear purpose, making progress visible, and encouraging consistency, you can help build confidence and discipline from an early age.

If you’d like support creating a financial plan that benefits both your family today and your children’s future, the team at Your Wealth Hub Advice is here to help.