Preparing for tax year end
Praemium SMA and SuperSMA EOFY Information
In the lead up to June 30, we have outlined the important information you need to know about super changes for FY22 and the processing cut off times for Praemium SuperSMA.
For advisers please refer to the Help Centre for further information on End of Financial Year Reporting.
Super legislation changes for the new financial year
A number of positive superannuation changes were announced in the last federal budget, and a number of threshold updates will also apply from 1 July 2022. Here is a summary of the changes:
Cut-off dates for SuperSMA processing
* Please note funds must be received by 5pm June 30 2022
** Cheques must be received by Friday 24 June at 5pm Non-Concessional Contributions made via cheque (these are limited to Personal Contribution, Spouse Contribution, Downsizer Contribution & Small business CGT Concession)
Further details on cut-off dates
|Notice of intent - S290||Notice of intent sent to all members with a personal contribution in the period. These emails will be sent in mid-July.|
|Pension and SCI Payment Group Certificates||Group certificates are issued for Pension members and members in receipt of a salary continuance. These are issued to investors mid-July via Investor Portal. A notification will be sent to investors when this statement is available.|
|Pension Centrelink Schedules||Pension Centrelink Schedules are issued for Pension members at the end of July via Investor Portal. A notification will be sent to investors when this statement is available.|
Statement Delivery Dates
|Managed Account Annual Statements||Annual statements are issued to investors in August via Investor Portal. A notification will be sent to investors when this statement is available.|
|SuperSMA Annual/Member Statement||SuperSMA member statements are issued to investors in November via Investor Portal. A notification will be sent to investors when this statement is available.|
|Managed Account Tax Statements||
Tax statements containing information required to submit a tax return are issued to investors in October via Investor Portal.
In order to have the most accurate tax information, these statements are issued once all trust information for the account has been received.
A notification will be sent to investors when this statement is available.
Annual investor statements and tax statements are issued to investors in September when these statements are available.
Praemium End of Financial Year Guides
These documents have been updated for 2022.
ATO Super enquiries
T 13 10 20
ATO Personal Tax enquiries
T 13 28 61
Centrelink Retirement Services
T 13 23 00
Centrelink Employment Services
T 13 28 50
Department of Veterans Affairs
T 13 32 54
T 1800 200 422