Everything you need for EOFY

Working out a savings plan with a calculator at a desk

Our last day of processing for the 2021/22 financial year will be on Thursday 30 June 2022.

This page contains some information that may help you if you’re intending to contribute 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. 

Cut-off dates and times

Note: The cut-off time is 5PM ( AEST) across all tasks on the specified cut-off date to complete requests. This includes all requirements to be received and no outstanding follow-ups (eg submission of the request including client consent or approval, where required). Incomplete requests received prior to the cut-off and requests received after the cut-off will be processed on a best-efforts basis

Date Information
Wednesday 1 June
Direct Debit Requests
Monday 6 June
Pension Updates
  • Changes for June monthly pension run (Final pension updates for the 2021/2022 Financial year)
  • See cut-off details
Thursday 9 June 
Transfers (In and Out)
Friday 10 June
Client investor status
Tuesday 14 June
Amendment
  • Contribution and rollover amendments including refunds
  • See cut-off details
Thursday 16 June
Transfers (In and Out)
Thursday 16 June
Closures
Thursday 16 June
Switches
  • Full or partial from pension to super and full product switches (super to pension)
  • See cut-off details
Thursday 16 June
Fee changes and Advice Fee Consent
  • Digital Fee Consent Form – Print, Sign and Upload, Manual Account Grouping
  • See cut-off details
Thursday 23 June
Deposits and Contributions
Thursday 23 June
Adviser Changes 
Friday 24 June
Fee changes and Advice Fee Consent
Monday 27 June
Direct Debit Requests
Monday 27 June
Deduction notices
  • For personal contributions made in 2020/2021 Financial Year 
  • See cut-off details
Tuesday 28 June 
Withdrawals
Tuesday 28 June 
Contribution splitting
  • Contribution splitting request for 2021 Financial Year
  • See cut-off details
Tuesday 28 June
New Applications
Thursday 30 June
Withdrawals
Thursday 30 June
Deposits and Contributions

Important notes

Remember

During the first week of July, we’ll be calculating your 2022/23 pension. You won’t be able to make changes to your pension during this time. 

Add as a reminder

You can also add these to your personal calendar as a reminder by clicking on the task.

Download and print the EOFY cut-off dates and times as a PDF 

  1. Right click anywhere on 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.

Useful links

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Finding a Financial Adviser

If you'd like help finding a new adviser

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. 

Reduction in annual 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, 2020/21 and 2021/22 financial years.

The Federal Government has recently extended the temporary reduction in pension drawdown rates to apply for the 2022/23 financial year.

These reduced annual pension minimums are the minimums we’ll apply when calculating your pension payments for the 2022/23 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 893 091 or

Email: wealthtrac@wrapinvest.com.au