End of financial year contribution deadline
If you’re thinking of making an extra super contribution this financial year, we recommend using BPAY or Electronic Funds Transfer (EFT) before 4pm (AEST) on Wednesday 22 June to ensure we receive your contribution on time. Log in to your account for your personal BPAY reference and biller code or EFT details. You can also find this information on your annual statement. You can also visit our front counters to pay your contributions in person.
You can still make payments after this date but we’re unable to guarantee that the contribution will be counted as part of this financial year if we receive it late. This means you could miss out on any tax advantages or government incentives you’re eligible for.
Other ways to maximise your super before EOFY
Split your super with your spouse
Transferring part of your super to your spouse may offer tax advantages, flexibility and benefits for age pension maximisation when assets and income are assessed for entitlements.
For more information visit ato.gov.au.
Self-employed small business owners
Contributions made to your super may be eligible for a tax deduction, as well as potential tax exemptions available upon the sale of business assets when contributing the proceeds to super.
For more information about eligibility and claiming a tax deduction visit ato.gov.au.
To ensure any employee super contributions reach us this financial year, we recommend making external clearing house payments before 17 June 2022. Payments made via the Cbus Clearing House must be made by 4pm (AEST), Thursday 23 June 2022.
Further information for employers can be found in the employer section of the site.
If your contribution is received after 30 June it will count towards the next financial year so we recommend using BPAY or EFT before 4pm (AEST), Wednesday 22 June.
- Bank transfer - BPAY® or Electronic Funds Transfer (EFT). Log in to your account to get your personal BPAY reference and biller code or EFT details.
- Direct debit - fill out the Direct debit application form (PDF) and send it to Cbus.
- Payroll deduction - discuss setting up with your employer today.
- Cheque - fill out our Personal contribution form (PDF) and send it to Cbus. Don't send cash.