GOVERNMENT CO-CONTRIBUTION

It's not often that the government gives you money – but that’s exactly what the Co-contribution initiative is all about.

 

The Co-contribution is a tax-free Government contribution payable when you make member voluntary (after-tax) contributions and your total income* is up to $61,920 p.a. Since 1 July 2007, the self employed are also eligible for the Co-contribution.

 

The maximum Co-contribution available for 2011/2012 is $1,000 where your total income* is up to $31,920 p.a. and a voluntary contribution of $1,000 is made.

 

The Co-contribution reduces for every dollar of income over $31,920 p.a., phasing out completely at $61,920 p.a. These thresholds are for the 2011/2012 financial year.

 

The Co-contribution is TAX-FREE and is something you can take advantage of each financial year. To work out how much you could be eligible for use our Co-contribution Calculator.

 

Maximising your super investment and saving for your retirement has never been easier!

 

For further information please refer to Fact Sheet FS12 Contribution Options - Boost Your Super.

*Total income means the sum of your assessable income, reportable fringe benefits and reportable employer superannuation contributions.