Members EOFY contribution dates
23 May 2024 4 min readIf you're thinking about making a contribution to your super account before the end of financial year, you'll need the following information.
There are 2 main ways to make contributions. To ensure we receive your contribution by this date and that it is reflected in the 2023-24 financial year, please follow the instructions below.
Payment method | Due date | Notes |
BPAY® | Tuesday 25 June 2024 | Up to 3 business days are required to allow for the clearance and processing of funds from the bank into your super account. For BPAY® details, log in to Member Online, click the ‘person’ icon at the top of the screen, then select 'Personal Details'. |
Cheque | Post no later than Friday 21 June 2024 (for metropolitan – earlier if non-metropolitan) |
The cheque must be received before Friday, 21 June 2024 You must complete a Lump sum contribution form and post it with your cheque to the following: NGS Super GPO Box 4303 MELBOURNE VIC 3001 |
After-tax (non-concessional) contributions
Government co-contributionIf your ‘total income’ will be less than $58,445 this financial year and you can invest some extra in your super before 30 June, you could be eligible for a co-contribution by the government of up to $500.
Find out further information in our fact sheet Let the government top up your super or use our co-contribution calculator to see if you’re eligible and how much you may receive.
Before-tax (concessional) contributions
If you are hoping to take advantage of making contributions with pre-tax money, you can:
- speak with your employer about setting up regular salary sacrifice contributions or
- make an after-tax contribution and claim a tax deduction for that amount. You can do this by completing a Notice of intent to claim or vary a deduction for personal super contributions form and mailing it to the address shown above.
Further information and eligibility can be found on our website or our Salary sacrifice and save fact sheet.
Understanding your contribution options and limits will help you make informed decisions about the best way for you to grow your super. Find out more here.