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Co-contribution

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How can you turn $1,000 into $2,000? No it's not a magic trick - it's the Government Co-contribution, and it is a very easy and effective way to boost your super. If you earn less than $61,920 and make an after-tax personal contribution to your super, you may be eligible for a payment into your super account.

The Government will match $1 for every $1 you contribute to your super, up to a maximum amount of $1,000. The co-contribution payment is based on your income and how much you personally contribute to super. See the table below, to find out how much you may be entitled to:

Your personal contribution is: $1,000 $800 $500 $200
Your income is: $31,920 or less $1,000 $800 $500 $200
$33,920 $933 $800 $500 $200
$35,920 $867 $800 $500 $200
$37,920 $800 $800 $500 $200
$39,920 $733 $733 $500 $200
$41,920 $667 $667 $500 $200
$43,920 $600 $600 $500 $200
$45,920 $533 $533 $500 $200
$47,920 $467 $467 $467 $200
$49,920 $400 $400 $400 $200
$51,920 $333 $333 $333 $200
$53,920 $267 $267 $267 $200
$55,920 $200 $200 $200 $200
$57,920 $133 $133 $133 $133
$59,920 $67 $67 $67 $67
$61,920 or more $0 $0 $0 $0

Take our quiz below to find out if you are eligible for the Government Co-contribution

Co-Contribution Eligibility Checklist

If you answer yes to the following questions you may be eligible for a co-contribution payment

I have made an after-tax personal contribution to a complying super fund or retirement savings account
My total income including Reportable Fringe Benefits is less than $61,920
10% or more of my total income is from eligible employment or from operating a business
I have not held an 'eligible temporary resident visa' at any time during the year
I have submitted an income tax return at the end of the financial year
I am less than 71 years old at the end of the financial year