Ensure your employee contributions are received on time
As the end of the financial year approaches, it’s important for employers to be aware of the key cut-off dates to ensure employee super contributions are processed in time for the 2024–25 financial year.
To guarantee contributions are allocated before 30 June 2025, they must be received by REI Super by Friday 20 June, 4pm AEST. This date allows for any banking or clearinghouse issues.
Contributions received after this date may not be processed in time for EOFY and could be counted in the next financial year.
Why it matters
Making contributions on time ensures:
- Compliance with your superannuation obligations
- Contributions are included in the correct financial year
- Employees can maximise their super benefits and tax outcomes
Late contributions may result in missed deadlines for employees’ tax deductions or contribution caps.
Tips for timely processing
- Allow extra time for processing delays, especially if using external clearing houses
- Double-check payment details and contribution files before submission
- Submit contributions well before the cut-off to avoid last-minute issues
Important SG Update from 1 July 2025
A reminder that the Superannuation Guarantee (SG) rate will increase from 11.5% to 12% on 1 July 2025. Employers should ensure their payroll systems are updated in time to meet this new requirement.
Your personal super support team
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The information contained in this article does not constitute financial product advice. However, to the extent that the information may be considered to be general financial product advice, REI Super advises that it has not considered any individual person’s objectives, financial situation or particular needs. Individuals need to consider whether the advice is appropriate in light of their goals, objectives and current situation. Members should obtain and read REI Super's Product Disclosure Statement and Target Market Determination before making any decisions. REI Superannuation Fund Pty Ltd ABN 68 056 044 770 AFSL 240569. RSE L 0000314 REI Super ABN 76 641 658 449 RSE R1000412 MySuper unique identifier 76641658449129 May 2025