Super
Over 55? Boost your super now.
Co-contribution
How can you turn $1,000 into $1,500? 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 $46,920 and make an after-tax personal contribution to your super, you may be eligible for a payment into your super account.
The government will pay 50 cents for every dollar you contribute to your super, up to a maximum amount of $500. 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 total income | You pay | Your reward |
$31,920 | $1,000 | $500 |
$35,000 | $794 | $397 |
$40,000 | $460 | $230 |
$45,000 | $128 | $64 |
$46,920 | $0 | $0 |
Take our quiz below to find out if you are eligible for the government co-contribution.
