Superannuation contribution cut-off dates

With EOFY fast approaching, please find below a summary of recommended cut off dates for concessional (tax deductible) superannuation contributions to be paid to superannuation funds and clearing houses. Making payment by these dates will ensure that your contributions hit the relevant super funds before Tuesday 30 June 2020, thereby maximising your tax deductions and preventing any potentials issues with contribution caps.

Please note a super contribution is not deemed to have been made for income tax deduction purposes until actually received by the fund (not the date you have made the payment to the fund or clearing house).

Please note that some industry/retail super funds may have cut off dates earlier than this so it is important to check with each particular fund.

How can we help?

If you have any questions, please don’t hesitate to reach out to our Business Advisory or Superannuation Advisory teams.

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.