The EOFY Hub

We’re here to help ensure that every EOFY is as seamless as possible for you. The EOFY hub has everything you’ll need to prepare for this EOFY, including key processing dates, tips and other helpful information.

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Supporting your EOFY

Tax reports

Non-resident tax

Pension minimums

Pension recalculations

Personal contributions

Term Allocated Pension

EOFY cut off dates & tasks

EOFY cut-off dates and tasks

View all of the key tasks for June and their processing cut-offs.

Important notes

Add a reminder

You can add a calendar reminder to help you keep track of the cut-off dates for EOFY related tasks.

Wherever possible, use digital methods to action requests or payments

Please use email to avoid any possible delays with postal delivery.

Submit paperwork as early as possible and completed correctly before emailing it to us

If you’re able to submit paperwork before the provided cut-off dates, there’ll be a higher chance that we can work with you to resolve any queries and/or confirm if any outstanding information is required before the final cut-off dates.
Please ensure that all forms and documents are fully completed and signed by the correct signatories to reduce the risk of any processing delays.

Remember

During the first two weeks of July, we’ll be calculating your FY23/24 pensions. You won’t be able to make changes to your pension during this time.

Cut-off dates and tasks

Our last day of processing for the 2022/23 financial year will be on Friday 30 June 2023. Pension recalculations will occur in the first two weeks of July.

Please familiarise yourself with our EOFY cut-off dates and the related tasks, which are summarised below.

We encourage you to use online methods where available to avoid missing any cut-off dates.

Below you can find the cut-off dates for all EOFY tasks and requests. The cut-off time on those dates is 5.00pm (Sydney time). We need to receive all necessary documents and information, including consents or approvals, before the cut-off date. Any requests that are still incomplete by the cut-off time and date will be processed on a best-efforts basis.

Final Date to submit	What we need from you:
Friday 2 June	Amend a previous contribution Download a calendar reminder View the cut-off details
Monday 5 June	Amend/create a recurring Debit Download a calendar reminder View the cut-off details
Monday 5 June	Re-contribution form Download a calendar reminder View the cut-off details
Tuesday 6 June to Friday 16 June	Pension applications Download a calendar reminder View the cut-off details
Friday 9 June	Pension updates Download a calendar reminder View the cut-off details
Friday 16 June	Action a product switch Download a calendar reminder View the cut-off details
Friday 16 June	Transfers (in and out) for internal asset transfers, Equities and Managed Funds Download a calendar reminder View the cut-off details
Friday 16 June	Switches, transfers and closures for Separately Managed Accounts Download a calendar reminder View the cut-off details
Friday 16 June	Change of service notification Download a calendar reminder View the cut-off details
Wednesday 21 June	Action an account closure Download a calendar reminder View the cut-off details
Friday 23 June	Deposits and Contributions by Cheque Download a calendar reminder View the cut-off details
Tuesday 27 June	Ad Hoc direct debit requests Download a calendar reminder View the cut-off details
Tuesday 27 June	Deposits and contributions (EFT and BPAY) Date is based on the receipt of funds from external institutions Download a calendar reminder View the cut-off details
Wednesday 28 June	Manual withdrawals Download a calendar reminder View the cut-off details
Wednesday 28 June	Contribution splitting Download a calendar reminder View the cut-off details
Thursday 29 June	Deduction notices Download a calendar reminder View the cut-off details

Wrap tasks

Month	Tasks where action may be required	Who it affects
June	Wrap pension indexation You have until Friday 30 June to ensure the pension settings are correct online before the July 2023 pension recalculation. You can do this after the mid-June pension run occurs.	Pension clients
July	Wrap pension recalculations Also known as ‘the pension freeze’, in the first two weeks of July we recalculate pensions for the new financial year. You won't be able to make changes to your pensions or withdraw from pension accounts during this time.	Pension clients

Month

Tasks where action may be required

Who it affects

June

Wrap pension indexation

You have until Friday 30 June to ensure the pension settings are correct online before the July 2023 pension recalculation. You can do this after the mid-June pension run occurs.

Pension clients

July

Wrap pension recalculations

Also known as ‘the pension freeze’, in the first two weeks of July we recalculate pensions for the new financial year. You won't be able to make changes to your pensions or withdraw from pension accounts during this time.

Pension clients

Cash tasks

Month	Tasks where action may be required	Who it affects
June	BPAY deposits, future dated transactions online, manual withdrawals, applications (online and paper), additional deposits (cheque to branch) and online/phone link withdrawals have their own cut-off times and dates throughout June.	CMA and Accelerator clients
June	Term deposits Please note 31 days’ notice provisions apply to any changes prior to agreed maturity. Applications, additional deposits (on maturity), withdrawals (on maturity) and rollover instructions all have their own cut-off times and dates throughout June.	Term deposit clients

End of temporary reduction in minimum pension withdrawals

As part of their response to COVID-19, the federal government announced a 50% reduction to the annual pension minimum requirements for the 19/20, 20/21, 21/22 and 22/23 financial years.

This temporary reduction in pension drawdown rates has ended and from FY23/24 the standard annual pension minimum rates will apply when calculating your pension payments

Finding a financial adviser

We strongly recommend having a financial adviser linked to your Macquarie Wrap account.

Find an adviser

They can help you manage your account and achieve your financial goals. If you already have an adviser, we encourage you to link them to your wrap account.

Useful links

Help Centre

Your one-stop shop for common questions and answers.

Visit Help Centre

Managing your Wrap

Useful information to help you manage your account without an adviser

Learn more

Macquarie Online banking

Tips & FAQs

Tips
FAQs

Tips

How can I avoid processing delays for EOFY?

Check your clients’ available cash

Before submitting withdrawal or rollover requests, check the available cash for your clients to avoid any processing delays.

Ensure sufficient cash is available in your clients’ pension accounts

This is to make sure pension payments can be made in June to satisfy any minimum pension requirements for the FY 22/23.

Check your super clients’ direct deposit facility

To ensure we can receive and process contributions that are paid by funds transfer, please check your direct deposit facility. If you intend to make a contribution via EFT to your super account, it’s important the direct deposit facility is set up with the correct contribution type. You can change the contribution type by calling us on 1800 025 063, 8am to 7pm (Sydney time) Monday to Friday.

If you have an investment account, ensure your account is ready for tax reporting

Please check correct cost base information is supplied where assets are being transferred in via in-specie transfer, to ensure accounts are ready for tax reporting. Incorrect or incomplete cost base information can impact the accuracy of reporting. Check you can supply all relevant cost base information for assets transferred into Wrap accounts.

Submit paperwork as early as possible

If you’re able to submit paperwork before the provided cut-off dates, there’ll be a higher chance that we can work with you to resolve any queries and/or confirm if any outstanding information is required before the final cut-off dates.

Check that paperwork is completed correctly

Please ensure that all forms and documents are fully completed and signed by the correct signatories to reduce the risk of any processing delays.

FAQs

How do I open an account?	Read the article
How do I access my statements?	Read the article
How do I make a payment or withdrawal?	Read the article
How do I make a contribution or deposit online or through cheque?	Read the article
How do I find my cash holdings?	Read the article
How do I close my account?	Read the article
What are the typical payment cut offs and processing times?	Read the article

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Need help? If you’re an adviser, please contact us via live chat in Adviser Online. If you’re a client, please call

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Additional information

This information is provided for the use of licensed and accredited brokers and financial advisers only. In no circumstances is it to be used by a potential client for the purposes of making a decision about a financial product or class of products. This information does not take into account any person’s objectives, financial situation or needs. Before making any financial investment decision or a decision about whether to acquire or continue to hold any products mentioned on this page, a person should obtain and review the offer documents relating to that product and also seek independent financial, legal and taxation advice.

Unless stated otherwise, this information has been prepared by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502 (MBL).

Any information on Macquarie Wrap products has been prepared by Macquarie Investment Management Limited ABN 66 002 867 003 AFSL 237492 RSEL L0001281 (MIML). The Macquarie Separately Managed Account is issued by Macquarie Investment Services Limited ABN 73 071 745 401 AFSL 237495 (MISL). In deciding whether to acquire or continue to hold a product, a person should consider the PDS, IDPS Guide, or other relevant offer document(s) available on the Macquarie website. Our Target Market Determinations are available at macquarie.com.au/TMD.

Funds invested on your behalf by MIML, or investments in the SMA other than cash on deposit with MBL, are not deposits with or other liabilities of MBL or any other entity of the Macquarie Group and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. None of MBL, MIML, MISL or any other member of the Macquarie Group guarantees any particular rate of return or the performance of the investments, nor do they guarantee the repayment of capital.

Any information on this page in relation to mortgages has been prepared by Macquarie Securitisation Limited ABN 16 003 297 336 AFSL and Australian Credit Licence 237863 (MSL).