Lock In Your Tax Deduction: Pay Super by 25 June
- Marketing Manager
- Jun 18
- 2 min read
Updated: Jun 23
Super Contributions: Why Timing Matters
Many business owners assume paying superannuation before 30 June means they’re covered. But here’s the catch:
🛑 The super payment must be received by the fund—not just processed—before 30
June to be tax-deductible in the 2024–25 financial year.
That means processing delays can cost you valuable deductions.
According to the ATO:
“To claim a deduction for super contributions, they must be paid before 30 June and received by the super fund or clearing house before this date.”
— Source: ATO – Deducting Super Contributions
Deadline: Aim for 25 June
Because most clearing houses take several business days to process payments, the ATO strongly recommends paying by 25 June to ensure funds clear in time.
✅ Key Tip: If you use the Small Business Superannuation Clearing House (SBSCH), payments can take up to 7 business days to reach employee super funds.
Learn more: ATO – SBSCH Processing Times
Why It’s Worth It
Paying on time not only helps you avoid penalties—it also means you can:
Claim a tax deduction this financial year (boost your return)
Stay compliant and avoid the Super Guarantee Charge (SGC)
Protect your team’s retirement savings
And yes—super contributions are tax-deductible when paid correctly and on time.
What Happens If You Miss the Deadline?
If you don’t pay by 30 June and the payment isn’t received until July:
You lose the deduction this year
You’ll need to wait until next financial year to claim it
You may be hit with late payment penalties
The ATO is firm on this—there are no extensions if a payment fails to clear in time.
What You Should Do Today
Here’s your action checklist:
🔲 Log into your payroll software and check super contribution status
🔲 Make super payments no later than 25 June
🔲 Confirm whether your payments are “on top” or “inclusive” of salary
🔲 Talk to your accountant to make sure it’s all compliant
💬 Bonus: If you’re unsure how super fits into your EOFY planning, we can help.
Final Word: Be Early, Be Smart
Super isn’t just an obligation—it’s an opportunity. Paying it on time gives you peace of mind, compliance protection, and a tax benefit. But leave it too late, and you’ll miss the window.
🗓 Mark 25 June in your calendar.
🎯 Need help? We’re just a message away.
📞 Book your pre-EOFY chat with our team today → ProfitCloud
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