Reset, Refocus, Reignite: Making the Most of the New Financial Year

reset refocus reignite As the calendar ticks over into FY25/26, it’s the perfect time to check in with yourself, financially and personally. If the first half of 2025 didn’t quite go to plan, you’re not alone. But now is the moment to reset, refocus your goals, and reignite your momentum.

At JBS Financial, we believe that the start of a new financial year is more than just tax time; it’s your opportunity to realign with the life you want to live and the financial plan that will get you there.

“Your financial well-being is an evolving journey, not a set-and-forget task. The beginning of the financial year is a powerful moment to pause, check your direction, and make sure your strategy is still working for you.”
— Jenny Brown, CEO, JBS Financial

5 Ways to Reset Your Finances for FY25/26

Whether you’re in your wealth-building years or preparing for retirement, these areas deserve your attention this financial year:

1. Revisit Your Financial Goals

Have your priorities shifted? Did a big life event, a new dream, or a family change steer you in a different direction? That’s okay. Reassess your goals and create space for new ones. Maybe your short-term focus has shifted from investing to saving for a renovation, or your long-term dream has grown from retiring early to travelling more in retirement. Revisit. Refine. Reset.

2. Review Your Super Strategy

Super remains one of the most tax-effective ways to build wealth, and there are important changes starting from 1 July 2025 you should be aware of:

The Superannuation Guarantee (SG) increases to 12%, giving your retirement savings a boost. Make sure your employer is applying the new rate; now is a good time to check your payslip.
The Transfer Balance Cap (TBC) rises to $2 million, impacting how much can be moved into a tax-free pension account. If you were previously ineligible to use the bring-forward rule for non-concessional contributions, you might now be able to take advantage.
You have until 30 June 2026 to use any remaining concessional cap amounts from FY20/21 under the carry-forward contribution rules..
The proposed Division 296 tax may introduce additional taxes for super balances over $3 million. If you’re nearing this threshold, speak with your financial adviser about your options.
Defined benefit streams may be subject to special rules under these updates—ensure you get tailored advice if this applies to you.

Understanding what these changes mean for your personal circumstances can make a real difference to your long-term outcomes. Our experienced team can help you plan strategically—whether you’re contributing more, retiring soon, or just getting started.

“Your eligibility to contribute more to super may have changed with the updated TBC. Even if your circumstances haven’t shifted, the rules might have—so it’s worth checking in.”

3. Get Clear on Your Tax Position

Reviewing your income and deductions early in the financial year allows you to plan smarter. Can you maximise salary sacrifice contributions? Should you review your investment structure or trust distributions? Are there tax offsets available that you haven’t considered?

Getting ahead now means less stress at tax time—and potentially more money in your pocket later.

4. Rebuild Your Momentum

If you felt like you lost focus in the first half of 2025, you’re not alone. It’s easy for life to get in the way, but taking small steps now can help rebuild momentum quickly. Check your budget. Automate your savings. Book your review appointment. Momentum builds through action.

5. Talk to Your Adviser—Not Just Your Accountant

A great adviser works hand in hand with your accountant to give you a full view of your financial position and strategy. From planning to implementation, a JBS adviser can help you navigate the complexities of super, investments, insurance, estate planning and more—all aligned to your vision of success.

Final Thought from JBS Financial

Your financial future doesn’t just depend on the markets. It depends on the actions you take today. As you start this new financial year, give yourself permission to press reset. Your dreams deserve it.

📅 Ready to align your goals and strategy for FY25/26? 🔗 Contact Us Here.

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