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End of financial year 21/22

End of financial year 21/22

Contribution cut-off date information

Hop into the next financial year with a Super finish. 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 for regular Super members is 24 June 2022, 4pm AEST and 27 June 2022, 4pm AEST for SMSF members.

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.

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, we must receive them no later than 24 June 2022, 4pm AEST for regular Super member. Any payments received after this time may only be processed in the new financial year. 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 a deduction notice 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 your InvestorServe portal by clicking on BPAY references under the ‘my details’ section on the left hand menu bar.

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 2022, 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 2021/22 financial year, you can claim a deduction when you lodge your 2021/22 tax returns. To do so, you need to fill out our electronic notice of intent form. 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 2020/21 financial year, the deadline for submitting deduction notices (for clients who haven’t yet lodged their 2020/21 tax returns) is 24 June 2022, 4pm AEST. Valid deduction notices received after this cut-off time may only be processed and acknowledged in the new financial year.

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, present and emerging and thank them for protecting Country since time immemorial.