- Review your Internet plan this financial year to avoid overpaying or missing out on better deals.
- New tax year means potential price changes, upgraded plans, and extended EOFY offers.
- Working from home? You might be able to claim part of your Internet bill as a tax deduction.
As we crack open the books on a new financial year, many Aussies are knee-deep in receipts, spreadsheets, and maybe the odd frantic search for lost invoices.
But while you're already in a savvy, budget-focused mindset, here's a question: When did you last check your Internet plan?
We get it - broadband doesn’t always top the priority list. It quietly works in the background (most of the time), and unless it's crawling at dial-up speed, it rarely causes much fuss.
But with prices shifting, new NBN plans popping up, and end-of-financial-year deals expiring, now is the perfect time to rethink your Internet setup.
Why the new financial year is the best time to review your Internet plan
Much like doing your taxes, reviewing your Internet plan might not sound thrilling - but it can save you serious cash. Here’s why the new tax year is the perfect prompt:
New pricing from providers
Each financial year, broadband providers often revise their pricing models. This can mean:
- Small price increases (especially on older, legacy plans)
- New promotional deals for new customers
- Updated inclusions, like faster speeds or more data for the same price
What does that mean for you? If you haven’t switched or reviewed your plan in the last 12 months, you could be overpaying or underutilising.
EOFY and post-tax-year deals
While EOFY discounts might have just wrapped up, many providers carry deals into July to attract customers who missed the June rush. Think:
- Free modems
- Waived connection fees
- Discounted monthly rates for the first 6–12 months
- Added bonuses like streaming subscriptions or speed boosts
Timing your switch around now can be a brilliant way to take advantage of these extended offers.
Claiming deductions (if you work from home)
Do you work remotely, run a home business, or freelance? Good news: your Internet costs may be tax deductible. If you're using a portion of your broadband for work, you can claim a portion of your monthly bill (speak to your tax agent for specifics).
Upgrading to a faster or more reliable connection this time of year could not only help your productivity - it might come with a neat little tax advantage next July.
Popular Internet plans
How the new tax year could affect broadband prices
While the financial year reset isn’t always dramatic for Internet bills, several key factors often come into play:
Infrastructure costs
NBN Co reviews its wholesale pricing structures regularly, often aligning with the financial year. When wholesale prices go up, retail providers usually follow suit - especially on entry-level or legacy plans.
Tech upgrades
New financial years often signal rollouts of better broadband tech like fibre upgrades, new modems, or improved service areas. This can mean better value plans become available in your area, or that your current provider updates its offerings.
Budget reshuffles
Just like households, providers look at their books in July. If they're cutting costs, consolidating plans, or introducing new bundles, you may benefit but only if you ask or switch.
Top tips for broadband buyers in the new financial year
Check your usage
Are you paying for unlimited data when you barely stream? Or using a capped plan but constantly topping up? Make sure your plan matches your usage.
Compare speed tiers
Many Aussies are paying for high-speed plans without actually getting those speeds. Check your NBN technology (e.g. FTTP, FTTN, HFC) and compare real-world speeds before choosing a plan.
Don’t stay loyal
Broadband is one industry where loyalty doesn’t always pay. New customers usually get the best deals. If your provider hasn’t offered you a discount in a while, it might be time to negotiate or walk.
Bundle if it makes sense
Some providers offer bundled savings on mobile, streaming, or even electricity. But be careful: bundles are only worth it if each service meets your needs on its own merit.
Smart broadband starts now
The new financial year is the ultimate reset button. You’re reviewing your budget, assessing your spending, and planning for a smarter year ahead. So why not throw your Internet plan into the mix?
Whether it’s hunting for a better deal, claiming work-from-home deductions, or getting faster speeds for less - now is the time to act.
Not sure where to start? Let us do the hard work for you.
Call the friendly, Aussie-based team at Compare Broadband on 1300 764 000. We'll help you compare the latest Internet deals, understand your usage, and make sure you’re on the best plan for your budget and lifestyle.
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