End of Financial Year Update
Important information – end of financial year processing
The end of financial year is an especially busy time for all super funds due to the increased volume of processing requirements.
Member voluntary contributions to your superannuation account
For those who wish to make voluntary contributions in this financial year (2017/18) the following dates apply:
|Transfer method||Processing time||Last chance to action my EOFY|
|BPay||Up to 3 business days||5:30pm (ACST) Tuesday, 26 June 2018|
|Cheque||N/A||Received at our Victoria Square Member Centre by 3:00pm (ACST) Friday, 29 June 2018|
This year, there will be no blackout period on switches and payments, however, in order to ensure your transactions are processed before 30 June 2018 and allocated to this financial year, please submit your request to Statewide Super before the following dates:
• Personal/spouse contributions (including EFT, must be accompanied by a Making Contributions Form) – please make your contributions by 5pm Friday, 22 June 2018
• Pension applications and paper-based benefit payment requests – please submit by 5pm Friday, 22 June 2018
• Notice of intent to claim a tax deduction on personal super contributions – please submit by 5pm Friday, 22 June 2018
• Online benefit payment requests – please submit by 5pm Friday, 29 June 2018 to ensure payment on 30 June 2018.
If you are a pension member, please be aware that there will be a payment interruption from Sunday, 1 July to Friday, 6 July 2018, with payments resuming on Saturday, 7 July 2018.
We apologise for any inconvenience this may cause. Should you have any questions please call our Member Services team on 1300 65 18 65.