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 (2019/20) the following dates apply:
|Transfer method||Processing time||Last chance to action my EOFY |
|BPay||Up to 5 business days||5:30pm (ACST) Tuesday, 23 June 2020|
|Cheque||N/A||Must be received by Statewide Super no later than 2pm Friday, 26 June 2020|
In order to ensure your transactions are processed before 30 June 2020 and allocated to this financial year, please submit your request to Statewide Super before the following dates:
|Transaction method||Last chance to action my EOFY (ACST)|
|Employer contributions||5pm Tuesday, 23 June 2020|
|Pension applications and paper-based benefit payment requests||5pm Tuesday, 16 June 2020|
|Notice of intent to claim a tax deduction on personal super contributions for 2018/19 financial year |
Please process your notice of intent on your online account for immediate action or call 1300 65 18 65 for assistance. Please note any submissions for processing your tax deduction via the ATO 290 170 notice of intent form must be received by 5pm Tuesday 16 June, 2020.
|5pm Tuesday, 16 June 2020|
|Online benefit payment requests||4pm Monday, 29 June 2020*|
|Online pension change of payment details and commutation||4pm Monday, 29 June 2020*|
*Due to the EOFY processing all benefit payments, change of payment details and commutations will cease at 4pm Monday, 29 June 2020. We expect access to resume no later than Monday the 6th of July 2020. We apologise for any inconvenience this may cause.
Should you have any questions please call our Member Services team on 1300 65 18 65.