Common EOFY Mistakes #eofy

A common misconception is that the contribution counts when the money leaves your bank account. In reality, it needs to have reached your super fund by the deadline.

If you’re using BPAY, keep in mind it can take a few days to process, so it’s worth checking your fund’s cut-off dates.

And one more thing… don’t forget to lodge your Notice of Intent to Claim form before you submit your tax return if you’re planning on claiming a tax deduction for that contribution.

A little bit of planning now can save a lot of headaches later ✨

General advice only.