Important reminders and dates
Here’s a list of Biller Codes corresponding to the contribution type your clients wish to make.
You can find their individual BPAY reference numbers on the Accounts details screen via AdviserNET>Accounts>Account enquiry menu (or the Investor Online>Account menu).
Please refer to Asgard’s cut-off dates and BPAY flyers for more information.
Contribution type | What it means | Biller code |
---|---|---|
Superannuation Guarantee | A compulsory super contribution made by an employer from a client’s before-tax pay | 66019 |
Salary Sacrifice | A salary sacrifice contribution from a client’s before-tax pay which they have requested their employer to make | 66027 |
Employer | A voluntary contribution from a client’s before-tax pay made by their employer | 66035 |
Personal Deducted | A super contribution made by a client and for which they intend to claim a personal income tax deduction (the client must meet eligibility conditions and provide a Personal Super Contributions Deduction Notice) | 66043 |
Personal Undeducted | A super contribution made by a client | 66050 |
Spouse | A super contribution made by a client’s spouse | 66068 |
* Some financial institutions may take longer to process your client’s BPAY transaction. Clients should check with their financial institution to confirm their cut-off time and daily transaction limit. In addition Daily BPAY transfer limits are enforced by all financial institutions. Please contact the financial institution for more information as we can’t be responsible for any delays by BPAY or a financial institution, in processing the transaction.
If you’re making a deposit using BPAY, the default fee and investment instructions will be applied to the deposit unless a deposit instruction is submitted via AdviserNET.
® Registered to BPAY Pty Ltd ABN 69 079 137 518
Your clients' annual pension review letters include their annual pension amount for the 2019-2020 financial year based on their estimated account balance as at 1 July 2019 and instructions for changing their pension amount and/or frequency. PAYG payment summary and tax offset details may also be included where pension payments contained taxable income.
New pension payment amounts are calculated on 1 July, so you can view your clients' pension payment details for the 2019-2020 financial year on the AdviserNET 'Pension details' screen (Accounts>Account enquiry>Pension details).
Clients can also view their new pension payment details on Investor Online. You can quickly and easily make changes to your clients' pension payment details via the AdviserNET 'Change account details' screen (Transacting>Account options>Change account details). The last date for requesting changes to your clients' pension details (before the first payment is made in the new financial year) is 12 July 2019.
You can find sample letters and forms under Adviser guides and resources.
We send our end of financial year Personal Super Contributions Deduction Notices to clients who made personal contributions to their super account during the 2018-2019 financial year. They include the amount of their personal contributions received during the financial year remaining in their fund, important information (including eligibility criteria) to help them claim a tax deduction and a 'Notice of intent to claim or vary a deduction for personal super contributions' form.
They'll also receive our 'Completing your Notice of intent' flyer below, with handy tips to help them complete the form, if required.
- Adviser Guide to managing your clients' personal super contributions deduction
- How to complete your notice – investor flyer
You can find sample letters and forms under Adviser guides and resources or visit our FAQs for more information. You can also print and submit a Notice for your clients via AdviserNET (Transacting > Deposit / contribution > Personal super contributions deduction notice).
What’s new in Investor Reports?
A change to the net earnings calculation
Net earnings on investments reflects the net amount clients have earned on their investment during the period. For prior periods it was calculated by adding together income from investments, fee rebates, and realised and unrealised gains and losses.
Going forward net earnings on investments calculation will also include monthly management fees (including share transaction fees where applicable), and taxes related to earnings (eg PAYG instalments). This change in calculation method has no impact on their total account valuation or the closing balance shown on their annual statement. The long term returns shown for individual asset holdings also remain unchanged.
Removal of investor date of birth and phone number details (if supplied).
To reduce the risk of fraud, we no longer show investors’ date of birth and mobile phone number reports . These details don’t appear eWRAP investment-only Investor Reports.
Where can I (or my clients) find it and when?
What additional information will clients receive with their Investor Report?
Clients with super/pension accounts will receive a flyer or booklet for the product/s they’re invested in, which covers information relevant to their account. You can find a copy of each flyer or booklet in the table below.
Type of Asgard account |
Important information you need to know |
Asgard Employee Super Account
Asgard and eWRAP badges Super/Pension Accounts
|
‘Super member news’ Booklet (excluding those with a no-marketing flag) Legislative flyer, including product updates Significant Event Notice
|
Tax Report Guide
Our 2019 Tax Report Guide is available to help you and your clients complete their tax returns.
Data downloads
Tax data is usually available via our AdviserNET EPI and BGL data download facilities on the Friday of each week a Tax Report tranche is released.
2019 release schedule
Our estimated release date (Australia Post lodgement) for each tranche is listed below. Additional tranches will follow until all reports have been released.
Tranche |
Estimated mailing date |
Status |
Reports released |
Tranche 1 |
Wednesday 24 July |
Complete |
10.3% |
Tranche 2 |
Wednesday 14 August |
Complete |
38.1% |
Tranche 3 |
Wednesday 28 August |
Complete |
64.0% |
Tranche 4 |
Wednesday 18 September |
Complete |
82.2% |
Tranche 5 |
Thursday 3 October |
Complete |
97.8% |
Tranche 6 |
Wednesday 16 October |
Complete |
99.7% |
Tranche 7
|
Wednesday 30 October
|
Complete
|
99.88%
|
Our Tax Report look-up tool has been updated with 2019 Tranche 7 information and is ready for you to use.
Annual Audit Reports 2019
Annual Super Pension Report 2018
Full terms and conditions for eStatements and online communications are available.
Registration
Clients can register for eStatements and online communication:
Please note - if a client hasn't already provided a valid email address, they'll need to update their account details with one.
Account action (AAA) emails and reporting - When your clients change their reporting preference, we'll send you an account action email notification.
To help you manage your clients’ queries and expectations, our ‘Income distributions and tax components tracker’ spreadsheet shows you the income distributions and tax components we’ve already received from fund managers and what’s outstanding.
We’ll update the spreadsheet weekly.
About income distributions
The majority of income distributions are reconciled and processed in July. However, some fund managers may not make payments until significantly later and this can delay some clients' distribution payments.
About Tax Reports
To produce Tax Reports we rely on the receipt of tax components from the fund manager or share registry of every managed fund or share a client was invested in during the financial year. We anticipate sending our first tranche of Tax Reports on Wednesday 24 July 2019.
We expect the majority of managed investment funds will opt in to the Attribution Managed Investment Trust (AMIT) regime in this current financial year. For information relating to the tax consequences for clients who hold investments in these funds, please refer to the Asgard Tax Guide.
Please refer to the Asgard Privacy Policy.
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Asgard is the issuer of the Asgard accounts and services referred to on this website. In deciding whether to open, or to continue to hold, an Asgard account or service, you should consider the relevant Product Disclosure Statement or Financial Services Guide issued by Asgard. Copies can be obtained from Asgard or a financial adviser.
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Information about the relationships between Asgard and other Westpac Group companies and the remuneration (including commission) or other benefits that they and any other person can receive in respect of, or that is attributable to, the financial services they provide is set out in the general Financial Services Guide issued by Asgard.
Third party information and links
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