Pension Payment Timing

Pension payments scheduled for the last week of June may be received earlier than usual and payments scheduled for the first week of July may experiences delays of up to 5 days. Primarily MLC Masterkey, Expand Essential and Expand Extra are the providers affected by these schedule changes but other funds could also be similarly impacted.

 

Pension payments from MLC may be delayed for members scheduled to receive them in the first week of July, with payments expected to leave by Thursday 3 July 2025 and potentially taking up to 72 hours to appear in bank accounts, possibly as late as Monday 7 July 2025 due to the weekend.

 

Additionally, due to end-of-financial-year (EOFY) processing for 2024/25, final pension payments due in the last week of June will be paid early, leaving MLC by Wednesday 25 June 2025, and may also take up to 72 hours to reach members' bank accounts.

 

Centrelink Schedules will be unavailable from the Tuesday 24 June 2025 until Friday 4 July 2025. After this date, Centrelink schedules will be able to be generated online by the member/adviser.

 

 

Pension payments from Expand may be delayed for members scheduled to receive them in the first week of July, with payments expected to leave by 5 July 2025 and potentially taking up to 72 hours to appear in bank accounts, possibly as late as Wednesday 9 July 2025.

 

Additionally, due to end-of-financial-year (EOFY) processing for 2024/25, final pension payments due in the last week of June will be paid early, leaving Expand by Monday 23 June 2025, and may also take up to 72 hours to reach members' bank accounts.