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Co-contribution

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How can you turn $1000 into $2000? 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 $1000. 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:$1000$800$500$200
Your income is: $31,920 or less$1000$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