Wrap contributions and deposits

There will be different deposit and contribution requirements for your clients depending on the type of Wrap account they have and type of contribution they wish to make. Please refer to the relevant IDPS Guide or Super/Pension PDS for more information. You can find these on Adviser Tools.  

It’s important to be mindful of contribution limits when making contributions, as clients may incur significant tax penalties if they exceed the limits. For further information, please refer to the Australian Taxation Office website.

Your clients can add funds to their Macquarie accounts via a number of methods in the lead up to 30 June.

For detailed instructions you can send to your clients, please refer to Contributions and deposits in the Personal Help Centre.

For personal contributions, the deadline for submitting deduction notices (for clients who haven’t yet lodged their tax returns) is approximately 7 days prior to 30 June of the following financial year. Valid deduction notices received after this cut-off time may only be processed and acknowledged in the new financial year. Please note the ATO may not allow the deduction notice received after the cut-off time.