Did you know, superannnuation payments are only considered to be paid for taxation purposes once they have been received by the super fund, not the date the SBSCH receives them?
To make sure super funds receive your payments before 30 June end of financial year deadline, ATO has advised that your payment must be received by the Small Business Superannuation Clearing House (SBSCH) no later than close of business 24 June 2019. We strongly recommend you to do it by 21 June, to avoid disappointment.
Please note, there is an ATO system maintenance scheduled between 11.30pm Friday 21 June 2019 and 7am Monday 24 June 2019. During this time SBSCH will be unavailable.
Further tips for tax deduction for FY 2018 ;
- Go through your comprehensive tax plan action points, or call us for advice on how to save $$$ in taxes
- Pay your accountant's bill before 30 June 2019 to claim in tax this year
Please get in touch with us if you require any help.