Everything you need for EOFY

Working out a savings plan with a calculator at a desk

Our last day of processing for the 2020/21 financial year will be on Wednesday 30 June 2021.

This page contains some information that may help you if you’re intending to make a contribution or make any changes to your account before the end of the financial year, for example, cash transfers, direct debit changes or withdrawals. 

EOFY cut-off dates and times

View all of the key tasks for June and their processing cut-offs. 

The tasks outline the dates that we need to receive instructions from you to be able to process these before the end of the financial year. You can also add these to your personal calendar as a reminder by clicking on the task.

The cut-off time is 5PM (Sydney time) across all tasks on the specified cut-off date.

Cut-off dates and times

Task 
 
Cut-off Date 
(5pm Sydney time)
Task Detail  Cut-off details
Direct Debit Requests

Tuesday 1 June
  • Amend June monthly direct debits
Dates are based on general processing times between financial institutions and the expected receipt of funds by Voyage. The time taken for electronic transfers can extend up to four days in some cases and Voyage will not be responsible for delays in receiving monies from external institutions.  
Pension Updates

Monday 7 June
  • Changes for June monthly pension run
    (final pension for the 2020/21 financial year).
Dates apply to complete requests. All requests and any outstanding information must be received by the cut-off date.
Remember: During the first two weeks of July, we’ll be calculating pension account holder’s 2021/22 pension. You won’t be able to make changes to your pensions during this time.
In-specie Asset Transfers (In and Out)

Wednesday 9 June
  • Managed Investments
  • Australian Listed Securities
Dates apply to complete requests. All requests and any outstanding information must be received by the cut-off date. 
Internal In-specie Asset Transfers (In and Out)

Wednesday 16 June
  • In-specie asset transfers between Voyage accounts
Closures 

Friday 18 June
  • Closing your account
Switches 

Friday 18 June
  • Full or partial transfer from your pension account to a super account
  • Full switches between products (eg super to pension)
Deposits and Contributions

Wednesday 23 June
  • Cheque deposits
Dates are based on general processing times between financial institutions and the expected receipt of funds by Voyage. The time taken for electronic transfers can extend up to four days in some cases and Voyage will not be responsible for delays in receiving monies from external institutions. 
Deposits and Contributions 

Monday 28 June
  • EFT and BPAY contributions
Direct Debit Requests

Monday 28 June
  • One-off direct debit 
Withdrawals 

Monday 28 June
  • All withdrawal requests
Dates apply to complete requests. All requests and any outstanding information must be received by the cut-off date. 
Deduction notices 

Monday 28 June
  • For personal contributions made in the 2019/2020
    financial year
Spouse contribution splitting

Monday 28 June
  • Contribution splitting requests for 2020/21
    financial year

Download and Print the EOFY cut-offs

To download and print the EOFY cut-off dates and times as a PDF, simply: 

  1. Right click anywhereon the page when you are in the 'Cut-off dates and times' tab and select 'Print' or use short cut 'Ctrl+P'. 
  2. Once the 'Print' window has opened, select 'Save as PDF' in your 'Destination' options. 
  3. Click 'Save' and follow the prompts when the 'Save As' window appears. 

Keeping your contact details up-to-date

We may need to get in touch with you to provide important EOFY information relating to your account, or to notify you that your an account report or statement is available. 

To ensure you receive these notifications quickly, please ensure your email and mobile details are up-to-date. 

Temporary reduction in pension minimum requirements

As part of their response to COVID-19, the Federal Government announced a 50% reduction to the annual pension minimum requirements for 2019/20 and 2020/21 financial years.

The Federal Government has recently extended the temporary reduction in pension drawdown rates to apply for the 2021/22 financial year.

The reduced annual pension minimums are the minimums we’ll apply when calculating your clients’ pension payments for the 2021/22 financial year. 

Tips to avoid processing delays 

  1. Review June processing cut-off dates before remitting funds
    We recommend reviewing the cut-off times on this page for each task below before remitting funds.
     
  2. Keep an eye on available cash
    Check your available cash account balances before submitting a withdrawal or rollover request to avoid any processing delays.

  3. Speak to a financial adviser before making superannuation contributions
    We recommend seeking advice from a financial adviser before making any contributions to superannuation to ensure they are within the relevant threshold.

Need more information

Contact Us

 

Call us at 1800 892 353 or

Email: voyage@wrapinvest.com.au