Be better prepared for 30 June with our End of Financial Year checklist and maximise your tax-time benefits.
Learn how to make additional contributions to your Panorama Investments and Panorama Super account.
View important dates for statements and answers to other frequently asked questions.
With the end of financial year fast approaching, there are a few things you need to be aware of relating to your pension payments.
Pension payments are funded by the available cash in your BT Panorama Super transaction account. If there’s insufficient cash to cover your pension payment, we’ll make up the shortfall by selling down a proportion of your investments.
If we need to sell some of your investments to cover your pension payment, the process can often take longer in July.
During the EOFY period, there can be delays in the striking of unit prices, in distribution and dividend payments, and in asset redemptions, which can impact your cash balance.
The combination of these factors can cause pension payments to be delayed.
We recommend you check the amount of available cash in your transaction account, to ensure it can cover your July pension payment. To check, log into your BT Panorama account.
If you don’t have sufficient funds, you should consider selling down investments to generate the required cash.
At the start of each financial year, the annual pension calculation takes place. Generally this occurs in the first ten days of July each year. The balance of the member’s account on 1 July is reported and a freeze is placed on processing annual pension payments. During this period, one-off pension payments and/or lump sum withdrawals cannot be made via the Panorama website. One-off pension payments can be processed manually by contacting our Customer Relations team.
Please be aware that during the freeze period, processes such as account closures, rollovers out, pension resets, change of phase and transfers between Panorama accounts are unable to be processed.
You can discuss this information further with your adviser (if you have one) or email us at support@panorama.com.au or phone 1300 881 716 from 8:30am to 6:30pm (Sydney time) Monday to Friday.
From 1 July to 4 July, some processes cannot be completed for accumulation accounts, this includes account closures, change of phase and transfers between Panorama accounts.
For transactions to be reflected within the FY 2025 year end statements, we must receive the valid request and all required supporting documentation before the cut-off times shown in the tables on this page. The cut-off times are Australian Eastern Standard Time (AEST) and need to be adjusted if you are operating in a different time zone.
| Transaction |
Action required |
Cut-off time and date (AEST) |
BPAY® contributions |
Payment submitted from the contributing bank account | We must receive the payment by 5pm on Friday 27 June 2025. We recommend submitting by Tuesday 24 June 2025 before 5pm, subject to issuing bank's processing time. |
| Direct credit contributions | Payment submitted using direct credit to the transaction account | We must receive the payment by 5pm on Friday 27 June 2025. We recommend submitting by Tuesday 24 June 2025 before 5pm, subject to issuing bank's processing time. |
| Direct debit contributions | Transfer money via Panorama online from a linked account to the transaction account | We must receive the payment by 5pm on Friday 27 June 2025 We recommend submitting by Tuesday 24 June 2025 before 5pm, subject to issuing bank's processing time. |
| Transaction | Cut-off time and date (AEST) |
| Super payments out (partial payment, sufficient cash available) |
Wednesday 25 June 2025 by 5pm |
| Super payments out (closure / full payment of funds where there are no outstanding dividends/distributions) |
Wednesday 11 June 2025 by 5pm
|
Transaction |
Action required |
Cut-off time and date (AEST) |
| New applications (including applications in-flight) |
Terms and conditions must be accepted | Monday 30 June 2025 by 11:59pm |
Listed security transactions |
Trades submitted and confirmed on the market via Panorama online or through an external broker | Thursday 26 June 2025 by 4pm |
| Managed fund transactions | Orders submitted via Panorama online | Friday 27 June 2025 by 10am
|
| Managed portfolio transactions | Orders submitted via Panorama online | Thursday 26 June 2025 by 10am |
| Term Deposit transactions | Orders submitted via Panorama online | Monday 30 June 2025 by 1.30pm |
| Pension refreshes | Pension refresh submitted | Thursday 5 June 2025 |
Things you should know
Information current as at 28 April 2025.
The article was prepared by BT, a part of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian Credit Licence 233714 (Westpac). This document provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such. This information does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness, having regard to these factors before acting on.
BT cannot give tax advice. Any tax considerations outlined in this document are general statements, based on an interpretation of current tax laws, and do not constitute tax advice. As such, you should not place reliance on any such taxation considerations as a basis for making your decision with respect to the product.
As the tax implications of investing in this product can impact individual situations differently, you should seek specific tax advice from a registered tax agent or registered tax (financial) adviser about any liabilities, obligations or claim entitlements that arise, or could arise, under a taxation law. If you need more information to complete your tax return, please consult your accountant or tax adviser to obtain professional tax advice.
This document may contain material provided by third parties derived from sources believed to be accurate at its issue date. While such material is published with necessary permission, the Westpac Group accepts no responsibility for the accuracy or completeness of, nor does it endorse any such third party material. To the maximum extent permitted by law, we intend by this notice to exclude liability for this third party material. Superannuation is a means of saving for retirement, which is, in part, compulsory. The government has placed restrictions on when you can access your investments held in superannuation. The Government has set caps on the amount of money that you can add to your superannuation each year and over your lifetime on both a concessional and non-concessional tax basis. There will be tax consequences if you breach these caps. For more detail, speak with a financial adviser or registered tax agent or visit the ATO website.