With BPAY you can:
- make post-tax contributions to your super (and potentially receive a Government co-contribution)
- if self-employed, make deductible contributions to your TelstraSuper Personal Plus account
- contribute to an employee's TelstraSuper Personal Plus account
- contribute to your spouse's account (and potentially receive a spouse tax offset).
To find out more about making BPAY payments, visit www.bpay.com.au or contact your financial institution.
Important notes about contributing with BPAY
- if you are substantially self-employed or an unsupported person, you can generally claim a tax deduction for 100% of contributions made into super
- if you intend to claim your contribution as a tax deduction, please download a Member and Spouse Contribution form and complete Section D. Return the form by fax or post.
- a maximum of $99,000 may be contributed per BPAY transaction
- if you are paying more than $99,000 per BPAY transaction, please split your payment into separate transactions (though you should use the same reference number for each transaction).
Contributing to your partner’s account
- you may receive a spouse tax offset if you contribute to your partner's account and you meet the income limits. Use our spouse tax rebate calculator to estimate your possible offset
- contributing to your partner's account will not attract a Government Co-contribution. Use our Government Co-contribution calculator to find out more.
- contributions are applied to your account from the ‘effective day’ and will start earning interest the following day
- the effective day for BPAY contributions received before midnight (Melbourne time) on a Victorian Business Day, will be that day.
If you have any questions, please contact us on 1300 033 166 for fill in our online contact form.