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Superannuation contribution caps to increase from 1 July 2026. Following the recent release of the December 2025 quarter average weekly ordinary times earnings (AWOTE) the annual concessional contribution (CC) cap will increase from $30,000 to $32,500 from 1 July 2026. The annual non-concessional contribution (NCC) cap will also increase to $130,000.

When considering contribution opportunities some individuals may have higher caps due to the carry forward CC rules or the NCC bring forward rules, while others with higher super balances may have a reduced or nil NCC cap. This will depend on your total superannuation balance (TSB) at the prior 30 June.

To learn more, read our article below and contact us for personalised advice. https://mcfillin.com.au/superannuation-contribution-caps-increase-july-2026/

The ATO has delivered a Draft Taxation Determination TD 2026/D1 which looks at how inherited family homes are treated for CGT purposes. Some industry commentators have dubbed it a “death tax by stealth”, however it is slightly more complicated than this. The draft guidance focuses on a specific aspect of the rules around applying the main residence exemption to inherited properties, potentially exposing deceased estates and beneficiaries to significant tax if not planned correctly.

To learn more, visit https://mcfillin.com.au/inherited-homes/.

How to Choose the Reliable Pool Tilers in Brisbane

Selecting the right pool tilers in Brisbane is essential to turning your backyard dream into a dazzling reality. Finding professionals who can deliver both beauty and durability is the key. Here's a comprehensive guide to help you make the right choice.

Evaluate Expertise and Experience

Start by assessing the experience of potential tilers. Look for companies with a solid track record in pool tiling. Seasoned professionals are more likely to handle unexpected challenges and provide quality outcomes.

Check References and Reviews

Online reviews and testimonials can offer valuable insights. Websites like Houzz, Yelp, or Google Reviews feature customer feedback that can guide your decision. Don’t hesitate to ask for references directly from the tilers as well.

Consider Cost and Quality Balance

Budgeting is crucial, but it’s important not to compromise on quality. While initial costs might be tempting to reduce, remember that superior craftsmanship and durable materials save money in the long run. Aim for a balance that ensures both quality work and affordability.

Prioritize Safety

Safety in pool design is non-negotiable. Choose tiles with slip-resistant properties to ensure the wellbeing of swimmers. Materials like stone or certain porcelains are usually safer choices.

Material Selection

The choice of tile material significantly impacts the look, feel, and safety of your pool:

• Porcelain Tiles: Cost-effective and versatile, they are widely available and offer various design options. They're a great choice for those watching their budget.

• Stone Tiles: Offer a natural aesthetic and are naturally slip-resistant, perfect for those prioritizing safety.

• Glass Tiles: Ideal for those looking to make a style statement. Although more expensive, they provide a stunning, upscale appearance.

Confirm Licensing and Insurance

Ensure that your chosen tilers have the necessary licenses and insurance. This protection not only guarantees compliance with local regulations but also shields you from liability in case of accidents.

Request Detailed Quotes

Before committing, ask for detailed quotes from several tilers. Compare them not just on price, but on the scope of work and materials included. Make sure there are no hidden fees.

Communication is Key

Lastly, choose a tiler who communicates effectively. They should be responsive, willing to answer your questions, and open to incorporating your ideas into the project.

By following this guide, you’ll be well on your way to finding the perfect pool tilers in Brisbane to make your outdoor oasis a stunning success.

Downsizer Contributions and the Main Residence Exemption. If you sell a long-held family home, you may be able to direct some of the proceeds into superannuation by using the downsizer contribution rules. To understand the rules and eligibility criteria, read our below article and then book an appointment with one of our Stafford-based accountants. https://mcfillin.com.au/downsizer-contributions-main-residence-exemption/

In support of young Australians and in response to the rising cost of living, the Australian Government recently passed legislation to reduce student loan debt by 20% and change the way that loan repayments are determined.

To recap the changes and discuss better managing your financial affairs, reach out to our experienced team of accountants at https://mcfillin.com.au/student-debt-win/

For decades, trust structures have been a cornerstone of the Australian tax and financial system, prized for their asset protection and flexibility when it comes to income distributions. However, with regulatory changes and mounting administrative complexity the shine has been wearing off lately, prompting some businesses and investors to rethink their use.

To learn more, visit https://mcfillin.com.au/trust-funds/

PERSONAL INCOME TAX RATE CHANGES

From 1 July 2026, personal income tax rates will change.

On the last sitting day of Parliament, the personal income tax rate reduction announced in the 20252• • •• • • Federal Budget was confirmed. The modest reduction of 1% applies to the $18,201-$45,000 tax bracket, reducing from its current rate of 16% to 15% from 1 July 2026, then to 14% from 20272• • •• • • . The saving from the tax cut represents a maximum of $268 in the 20262• • •• • • year and $536 from the 20272• • •• • • year.

With a 1 July 2026 start date, the outcome of the Federal election on 3 May 2025 and subsequent budgets will determine whether this change comes to fruition.

To learn more, view our article:

https://mcfillin.com.au/personal-tax-cuts/

The 2025–26 Australian Federal Budget includes a range of measures impacting individuals, families, businesses, and the broader economy. From modest tax cuts and energy rebates to expanded compliance programs and support for healthcare and housing. To help you understand what these changes could mean for you, we’ve prepared a concise, easy-to-follow summary.

Download our Budget Guide at the link below to explore the key announcements and insights, and how they may affect your financial or business planning. Alternatively, book a visit with our Stafford accountants to discuss your tax affairs and make the right choices.

https://mcfillin.com.au/federal-budget-25-26-guide/