1 June 2022
It's the last month of the financial year - and there's still time to make a personal contribution to your super to get tax benefits for 2021-22 while boosting your super.
You should also be aware of upcoming changes from 1 July 2022, as these will affect most workers, employers and retirees.
Last chance to make contributions for 2021-22
You could claim a tax deduction for voluntary contributions made for the 2021-22 financial year. To ensure your voluntary contributions reach your account in time for 30 June 2022, you should make your payment by 22 June.
Making a payment
You can make a contribution to your TWUSUPER account with BPAY®. TWUSUPER'S biller code is 289686. You can get your unique BPAY® reference number by logging into Member Online or calling 1800 222 071 between 8am and 8pm (AEST/AEDT) weekdays.
How to claim a deduction
- Make an after-tax contribution to your TWUSUPER account.
- Fill in and send to TWUSUPER your Notice of Intent to Claim a Tax Deduction form.
- Receive TWUSUPER's written acknowledgement of your intent to claim the deduction.
- Lodge your tax return and claim the deduction for your after-tax super contributions.
Before making a payment, see Claiming a tax deduction for information about contribution caps and other eligibility criteria.
Will you earn under $56,112 for the 2021-22 financial year?
If so, there's still time for you to receive a Government Co-contribution of up to $500 if you make an after-tax contribution to your super. Contributions need to be made by BPAY® by 22 June to ensure the funds reach your account in time for the financial year end. Find out more about eligibility.
Note: If you receive a Government Co-contribution, you can't also receive a tax deduction.
If you'd have any queries about the information on this page please call us on 1800 222 071 from 8am to 8pm (AEST/AEDT).