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  • Timing of contributions

    When planning your contributions, including salary-sacrificed amounts, it is important to consider when these contributions are received by your super fund.

    A contribution is counted when the payment is received by your fund, not when the payment is sent.

    Make sure your fund receives all your contributions by 30 June if that is what you intend.

    Be aware that your employer is entitled to make super guarantee contributions for the quarter ending on 30 June by 28 July – that is, in the next financial year.

    If you want salary sacrifice contributions to be received by your fund by 30 June, then make sure your salary sacrifice agreement with your employer includes this instruction.

    You can see contributions information your funds have reported to us by using ATO Online services.

    However, you should know that some contributions are reported to us sooner (for example, contributions your employer makes to a large fund) than other contributions (for example, contributions made to your SMSF or amounts reported by a defined benefit fund).

    Example: Fund receives cheque in next financial year

    Suzette salary sacrifices $100 a fortnight. Her employer puts aside the amount each pay. On the last day of the quarter, 30 June, her employer posts a cheque to the super fund. The cheque covers her super guarantee contributions and salary sacrifice amounts.

    It generally takes between three to four working days for the super fund to receive the cheque. As a result, although the amounts deducted from Suzette’s salary between 1 April and 30 June are sent on 30 June, the contribution is not received by the super fund until the next financial year.

    This contribution will count towards Suzette's concessional contributions cap for the following year.

    End of example

    See also:

    Self-managed super fund members

    If you are a member of a self-managed superannuation fund (SMSF) you may be able to make a concessional contribution in one financial year and have it count towards your concessional contributions cap in the following financial year.

    If the compensation was paid directly by the financial service provider to your super fund other than at your direction, the compensation will be a concessional contribution in the financial year it is received by the fund.

    You and your SMSF will need to meet several requirements and you will need to lodge a Request to adjust concessional contributions form.

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      Last modified: 30 Sep 2021QC 19749