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Newsletter – August 2025

August 13 2025
Circle Advisory Partners
Inside this month:
  • Interest Deductions: Risks & Opportunities: This tax season, we’ve seen a surge in questions about whether interest on a loan can be claimed as a tax deduction. The way interest expenses are treated can significantly affect your overall tax position.
  • Luxury Cars: The Impact of the Modified Tax Rules: With the purchasing of luxury vehicles on the rise, it’s important to be aware of some specific features of the tax system that can impact on the real cost of purchase.
  • Superannuation Rates and Thresholds Update: From 1 July 2025, the superannuation guarantee rate officially rose to 12% of ordinary time earnings. This is the final step in the gradual increase legislated under previous reforms. 
  • Personal Superannuation Contributions: The annual concessional contribution cap will remain at $30,000 for the 2025/26 financial year but we take a look at what threshold has been updated. 

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