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Government Co-contribution Initiative

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

There are two criteria to be eligible for the Co-contribution.

• You contribute on an after-tax basis to your superannuation.
• Your total assessable income (including reportable fringe benefits) is up to $58,980.

The maximum Co-contribution payable is $1,500 when your total income is up to $28,980 and you contribute $1,000 (after-tax) to your superannuation.

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-contributions calculator.

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