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.

The benefit of making additional payments to your super is that you could earn returns on your investment returns, which helps your balance grow over time – and you may also be able to lower your taxable income at the same time!

Please remember, the government has set caps on the amount of money that you can add to your superannuation each year and over your lifetime on both a concessional and non-concessional tax basis. There will be tax consequences if you breach these caps.

For more information about Super contributions, speak with a financial adviser or registered tax agent or visit the Australian Taxation Office website. You also may be eligible for co-contributions from the Government. Refer to the Australian Taxation office website for more information.

You can also check out the Australian Ethical Money 101 website and click Super > Super Contributions.

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 no later than 22 June 2023, 4pm AEST. 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 this deduction notice (NOI Form) for personal contributions.

If you are opening a new account and wish to make contribution before 30 June 2023, please ensure your application is received by us by 7 June 2023 at 4pm AEST to allow sufficient time for account setup and provision of BPAY® details.

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 no later than 26 June 2023, 4pm AEST. 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 this deduction notice (NOI 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, we must receive them by 30 June, which means you should make a transfer by no later than 27 June 2023, 4pm AEST to ensure the funds are received in time. 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 2022/23 financial year, you can claim a deduction when you lodge your 2022/23 tax returns. To do so, you need to fill out our electronic notice of intent 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 Australian Taxation Office website.

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

For personal contributions made in the 2021/22 financial year, the deadline for submitting deduction notices (for clients who haven’t yet lodged their 2021/22 tax returns) is 22 June 2023, 4pm AEST. Valid deduction notices received after this cut-off time may only be processed and acknowledged in the new financial year.

Requests to change your June 2023 pension payment amount must be received by us before 31 May 2023, 4pm AEST.

Please note: 2023-2024 minimum and maximum pension payments will be calculated in the first 5 business days of July. You will not be able to make changes to your pension payments during this time.

If you wish to update your pension payment amount for the 2023-24 financial year, please send your request to us between 1 June 2023 and 28 June 2023, 4pm AEST.

If you would like your first pension payment to be paid in June 2023, please send your completed application form to us by 31 May 2023, 4pm AEST.

If you would like your first pension payment to be paid in July 2023, please send your completed application form to us by 31 May 2023, 4pm AEST.