Friday, June 4, 2010

Still no $1500 from ATO


We have our own super fund (SMSF) and last financial year I got ET to put in $1000 (June 8) so we could claim the 150% super co-contribution - pre budget. She updated the deposit book today and still no $1500 from them?


Update: ATO







Super co-contributions payments were made in January 2010, and we temporarily suspended payments from February 2010. The payment process has now resumed, with some payments made in late April 2010.


 


The ATO is on track to return to usual processing in May 2010, and currently expects to bring things up to date over May and June 2010.


 


If your payment has been delayed, you do not need to do anything. Interest will be paid as an additional super co-contributions amount where we have delayed payment for more than 60 days.






Apparently they will pay interest on the payments that have been delayed at the rate specified by the RBA, which is currently at 3.16% - wow



1 comment:

  1. [...] posted about this 12 months ago, the first contribution of $1000 was three years ago when the govt. was offering $1.50 for every [...]

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