(as featured in our June 2015 Newsletter)
To ensure you are entitled to your tax deduction for super contributions in 2015, the super payment, whether for yourself or your employees must be paid (i.e. out of your bank account) prior to 30 June 2015.
It is not enough to simply have the liability as at 30 June or to have drawn the cheque prior to 30 June. If possible, make the paymet to your fund via BPAY by 4pm Thursday 25 June 2015 to ensure the monies are received in time.
If it hasn’t been debited from your bank account by 30 June, there is no tax deduction in this year.