July is one of the best times of the year to reset your financial plan. The new financial year provides a clean opportunity to review super contributions, tax planning, retirement income needs and investment strategy.

From 1 July 2026, the general concessional contributions cap for superannuation increased to $32,500. Concessional contributions include employer superannuation guarantee contributions, salary sacrifice contributions and personal contributions claimed as a tax deduction.

The "non-concessional" cap has increased to $130,000 pa (subject to your eligibility requirements).

The higher caps may create additional planning opportunities for people who want to build retirement savings in a tax-effective way. However, it is important to remember that employer contributions count towards the cap, so the available amount for salary sacrifice or deductible personal contributions will vary from person to person.

The start of the financial year is a good time to review:

• Regular cash flow allocations to investment plans.
• Salary sacrifice arrangements.
• Personal deductible contribution plans.
• Unused concessional contribution cap amounts.
• Spouse contribution opportunities.
• Government co-contribution eligibility.
• Pension payment requirements.
• Centrelink and aged care implications.
• Beneficiary nominations.
• Estate planning documents.
• Insurance cover inside and outside super.

For retirees drawing account-based pensions, July is also a timely point to ensure pension payments are set correctly for the year ahead. For accumulation clients, it is a chance to set up regular contribution habits early rather than waiting until next June. Small changes made early in the year can have a meaningful long-term impact.

Important information

This information has been prepared without taking into account your objectives, financial situation or needs. Because of this, you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation or needs. You should obtain and consider the Product Disclosure Statement relating to any product referred to in this presentation before making any decision about whether to acquire the product.

WSC Group (Aust) Pty Ltd is an authorised representative of Count Financial Limited ABN 19 001 974 625, holder of Australian financial services licence number 227232 ("Count"). Count is owned by Count Limited ABN 11 126 990 832 of GPO Box 1453, Sydney NSW 2001. Count Limited is listed on the Australian Stock Exchange. The information on this web page is not financial product advice and is provided for information only.