A super finish
With 30 June fast approaching, here’s all the important information you need to manage your clients’ EOFY transactions.
Contributions cut-off date
Your clients' contributions should be sent to us before 4pm, Friday 24 June to ensure they are received by us before 10am, Thursday 30 June
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We’re here to help
If you have any questions about EOFY, call us on 1800 021 227 between 8:30am and 5:30pm, Monday to Friday (AEST)
Key dates
Cut-off dates & times for EOFY processing
Contribution - BPAY®
Cut-off: Thursday, 30 June 2022, 10am AEST
To ensure it is received by us before this date, please ensure your client’s contribution is sent to us before 4:00pm Friday 24 June 2022.
If your client is opening a new account and wishes to make contribution before 30 June 2022, please ensure their application is received by us by 4:00pm Wednesday 8 June 2022 to allow sufficient time for account setup and provision of BPAY® details.
See our Tips and traps for making contributions below.
Contribution - cheque
Cut-off: Thursday, 23 June 2022, 4pm AEST
Deduction notices for personal contributions
Cut-off: Friday, 24 June 2022, 4pm AEST
For personal contributions made in the 2020-21 FY (where your client has not lodged their 2020-21 tax return).
Withdrawal - cash
Cut-off: Friday, 10 June 2022, 4pm AEST
For super re-contributions, please allow enough time for withdrawal processing to meet the contribution cut-off.
See our Tips and traps for making contributions below.
Change to June 2022 pension payment amount
Cut-off: Wednesday, 8 June 2022, 4pm AEST
If your client is opening a new account and wishes to make contribution before 30 June 2022, please ensure their application is received by us by 4:00pm Wednesday 8 June 2022 to allow sufficient time for account setup and provision of BPAY® details.
See our Tips and traps for making contributions below.
New application – first payment in June 2022
Cut-off: Wednesday, 8 June 2022, 4pm AEST
New application – first payment in July 2022
Cut-off: Wednesday, 6 July 2022, 4pm AEST
Please note: 2022-23 minimum and maximum pension payments will be calculated in the first 5 business days of July. Your clients will not be able to make changes to their pension payments during this time.
If your client wishes to update their pension payment amount for the 2022-23 financial year, they should submit this request to us between 9 June 2022 and 4pm 6 July 2022.
Some financial institutions may take more than two business days to process BPAY® transactions. Contributions sent to us after 4:00pm Friday 24 June 2022 may not be processed until after 30 June 2022.
All BPAY® personal contributions will be processed as non-concessional contributions. If your clients would like to claim a tax deduction for these contributions, they must complete a deduction notice for personal contributions. This can now be done on our website using our new online form.
If your client is making a large contribution, please keep in mind their bank’s daily limit on BPAY® transactions. Each bank has different a limit and the contribution may need to be spread over a few days.
Clients can find their BPAY® Customer Reference Number (CRN) in the member portal by clicking on the circle next to their name and selecting ‘Personal details’.
BPAY® biller codes:
Personal contribution: 275701
Spouse contribution: 275719
It’s important to be aware of the contribution limits that apply, as clients may incur significant tax penalties if they exceed these. Refer to the Australian Taxation office website for more information.
Remember that withdrawals must leave the super fund and be received by clients at least one day before the re-contribution can be made and processed by us. Please allow enough time for withdrawal processing to meet the contribution cut-off.