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End of Financial Year 2024

End of Financial Year 2024

Contribution cut-off date information

This page is a one-stop shop for all your end of financial year needs, including cut-off dates and information about making a personal contribution. 

Claim a tax deduction
Claim a tax deduction

You may be able to claim a tax deduction when making personal contributions to your super

Build future wealth
Build future wealth

A contribution today with compounding returns can make the difference in retirement

Hassle free
Hassle free

Contribute using BPAY with details found in your member portal or from our latest email to you

Key dates

Cut-off times and dates for processing of additional super contributions are as follows:

  • Super: 21 June 2024, 4pm AEST
  • Super (ex-Christian Super): 21 June 2024, 4pm AEST 

How to make BPAY® contributions to your super 

  • Locate your BPAY® biller code and reference number. It is available in your online account. 
  • Click on the circle icon next to your name > Personal details and scroll to the bottom. 
  • Use these details to make a payment from your bank. 
  • If you’re going to claim a tax deduction, you need to complete our digital notice of intent to claim form

Note: Make sure you wait until after your contribution is visible in your online account before you complete the notice of intent to claim form. 

Government Co-contributions 

    If you're a low or middle-income earner and make personal non-concessional (after-tax) contributions to your super fund, the government may also make a co-contribution up to a maximum of $500. 

    The government co-contribution you receive depends on your income and how much you contribute. 

    You don't need to apply for the super co-contribution. When you lodge your tax return, the ATO will work out if you're eligible. If your super fund has your tax file number (TFN), it will be paid to your super account automatically. 

    Find out if you’re eligible 

    FAQs

    Yes, it’s important to be mindful of contribution limits when making contributions, as you may incur significant tax penalties if you exceed the limits. For further information, please refer to the Australian Taxation Office website.

    For Australian Ethical Super members

    You can make a personal contribution by adding money to your Super from your bank account via BPAY. You can find your BPAY details including your Reference Number in your member portal by clicking on the circle icon next to your name > Personal details and scroll to the bottom. You would have also recently received an email from us with instructions on how to make a contribution and tax deduction for the end of financial year. 

    To process BPAY contributions before the cut-off dates, you need to have transferred your funds by the cut-off date. Any payments made after this time may only be processed in the new financial year. Please note, some financial institutions can take more than two business days to process BPAY transactions. 

    Please consider this when making last minute contributions. All BPAY personal contributions will be processed as non-concessional contributions. If you would like to claim a tax deduction for these contributions, you need to complete our digital Notice of Intent to Claim form for personal contributions. 


    For ex-Christian Super members

    You can make a personal contribution by adding money to your Super from your bank account via BPAY. You can find your BPAY details including your Reference Number in your member portal by clicking on Member > Payment by BPAY Personal details and scroll to the bottom. You would have also recently received an email from us with instructions on how to make a contribution and tax deduction for the end of financial year. 

    To process BPAY contributions before the cut-off dates, you need to have transferred your funds by the cut-off date. Any payments made after this time may only be processed in the new financial year. Please note, some financial institutions can take more than two business days to process BPAY transactions. 

    Please consider this when making last minute contributions. All BPAY personal contributions will be processed as non-concessional contributions. If you would like to claim a tax deduction for these contributions, you need to complete our digital Notice of Intent to Claim form for personal contributions. 


    For SMSF members invested in Australian Ethical Managed Funds

    You can make a personal contribution by adding money to your managed funds investment from your bank account via BPAY. You can find your BPAY details including your Reference Number in the left-hand menu on your InvestorServe portal > Payment Instructions > BPAY Instructions. 

    To process BPAY contributions before the cut-off dates, you need to have transferred your funds by the cut-off date. Any payments made after this time may only be processed in the new financial year. Please note, some financial institutions can take more than two business days to process BPAY transactions. 

    Please consider this when making last minute contributions. You should speak to your accountant or tax advisor before you make a personal contribution to ensure this is completed correctly for your personal circumstances, including the completion of a notice of intent to claim. 

    If you make a personal contribution for the 2024 financial year, you can claim a deduction when you lodge your tax returns. To do so, you need to fill out our digital Notice of Intent to Claim form before you complete your tax return. Assuming that all information has been entered correctly, processing takes approximately 10 business days. For information on how to make your tax return, please refer to the ATO website. 

    If you’re an SMSF discuss making a notice of intent claim with your tax adviser or accountant. 

    Australian Ethical acknowledges the Traditional Owners of the country on which we work, the Gadigal people of the Eora Nation, and recognise and celebrate their continuing connection to land, waters and culture. We pay our respects to Elders past and present and thank them for protecting Country since time immemorial.

    See our Reconciliation Action Plan