Please take note of all contribution limits and eligibility criteria before making deposits into superannuation accounts.
In general, the effective date of a contribution is the day when the funds and all required information to process the contribution is received by the fund.
There are a few ways you can make personal super contributions, which are explained below:
Using BPAY® is one of the easiest ways your client can transfer large deposits into their account. To send funds to their account via BPAY, the financial institution holding the funds must be a BPAY payer. Using their online banking service, log into their account and make a payment to the details listed below. To make a payment into their Macquarie account, they’ll need:
Please note, BPAY deposits take up to three business days to clear. The maximum amount your client can deposit in one transaction via BPAY is $325,000.
The BPAY biller codes for our Macquarie administered funds are provided below:
| Product Name | Personal | Spouse |
|---|---|---|
| Macquarie Super Manager | 423004 | 423020 |
| Macquarie Super Manager II | 423004 | 423020 |
| Macquarie Super Consolidator | 423004 | 423020 |
| Macquarie Super Consolidator II | 423004 | 423020 |
| Macquarie Super Accumulator | 423038 | 423053 |
If your client holds a Macquarie Vision account, please use the below details:
| Product Name | Personal | Spouse |
|---|---|---|
| Macquarie Super | 423004 | 423020 |
If your client holds a Macquarie Premium Portfolio Service (PPS) account, please use the below details:
| Product Name | Personal | Spouse |
|---|---|---|
| Premium Portfolio Service Super Account | 423004 | 423020 |
To locate your client’s BPAY Reference Number on Adviser Online:
Your client can transfer funds into their account via electronic funds transfer (EFT). This can be done from most financial institutions by using their online banking service.
To make an EFT transfer, your client needs to be set up with a direct credit facility. You can set this up in Adviser Online, view Direct credit facilities for more information.
Once the direct deposit facility is set up, we’ll provide your client with the details they’ll need to make deposits.
If your client has an SMSF that uses a Macquarie CMA or is administered through a Macquarie Investment Consolidator account, we offer an electronic message service that allows your client’s account to receive employer super contribution payments and related messages electronically.
The electronic service address (ESA) is MACQUARIESMSF.
You can use direct debit to set up automatic, regular deposits into your client’s account, that come from an external account in the same name. The minimum direct debit amount is $100 per transaction, which can be set up for a specific period or continued indefinitely. Your client can also choose the frequency, which can range from a one-off payment, monthly, quarterly, half-yearly or yearly payments.
You can use the Macquarie Superannuation Direct Debit Request form to establish a direct debit for deposits into your client’s account from another bank account. Please ensure the form is signed by all account holders (not third party authorised signatories). If your client holds a Macquarie Vision account, please use the Macquarie Vision Direct Debit Request form.
If your client would like to claim a deduction for any personal contributions, you’ll need to complete a Macquarie Super Deduction Notice for Personal Contributions form, or a NAT 71121 form which is available on the ATO website. If your client holds a Macquarie Vision account please use the Macquarie Vision Deduction Notice for Personal Contributions form .
Please note there are a few conditions that need to be met for your client to be eligible to claim a tax deduction for their personal contributions, including timeframes to make the claim.
Your client can make personal or spouse contributions as non-concessional contributions (NCCs), which aren’t taxed when made into a superannuation fund.
From 1 July 2021, the non-concessional cap is $110,000. From 1 July 2024, the non-concessional cap will increase to $120,000. Non-concessional contributions form part of the tax-free component of a superannuation benefit.
You can make NCC through the below options:
You can find out more via our Big Black Book.
See our article on Rollovers and transfers.
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