Are you looking at making a last-minute contribution into your superannuation account? There are several ways to do this, however we must receive your contribution by 12.30pm (AEST) Friday 28 June 2019. To ensure we receive your contribution by this date and it is reflected in the 2018/19 financial year, we have provided some further details below.
After-tax (non-concessional) contributions
If you'll earn less than $52,697 this financial year and can invest some extra in your super before 30 June, you could be eligible for a co-contribution by the Australian Government of up to $500. Find out further information in our Let the government top up your super fact sheet or use our co-contribution calculator to see if you’re eligible and how much you may receive.
If you are eligible, all you have to do is make an after-tax contribution to your super this financial year.
Contribution via BPAY®
The quickest and easiest way to make your own contribution is through your Internet Banking using BPAY®.
Log in to your Member Online account to access your BPAY® details. These can be located when you click on the person icon on the top menu bar and go to the Personal details link.
You must submit your BPAY® payment by Tuesday 25 June 2019.
Contribution via cheque
Alternatively, you can send a cheque with a Lump sum contribution form to:
GPO Box 4303
Melbourne VIC 3001
This must be posted no later than Thursday 13 June 2019 (Sydney only – post earlier if outside Sydney) to ensure it is received by us by 12.30pm (AEST) 28 June 2019.
Before-tax (concessional) contributions
If you are hoping to take advantage of making contributions with pre-tax money, you can speak with your employer about setting up regular salary sacrifice contributions. Alternatively, if eligible, you can make an after-tax contribution and claim a tax deduction for that amount, which will then classify that contribution as a concessional contribution. Further information and eligibility can be found in our Salary sacrifice and save fact sheet.
If you wish to set up a salary sacrifice arrangement with your employer, you can use our Payroll deductions form and provide this to your employer. Note, this will unlikely take effect for the 2018/19 financial year, but it could make a difference for the 2019/20 financial year.
Claiming a deduction for personal contributions
Alternatively, if you are eligible and would like to make an after-tax contribution and claim a tax deduction for this amount, you will need to make a contribution by either BPAY® or cheque by the dates advised in the instructions above. In addition, and before you lodge your tax return for the 2018/19 financial year, you will need to advise us that you are going to claim a tax deduction by completing and returning A Notice of intent to claim a deduction for personal super contribution.