Government Co-Contribution

If you're a low or middle-income earner, you can boost your super savings by taking advantage of the co-contribution payment from the government. This means the government will match your personal super contributions.

You may be eligible for the co-contribution if:

you make an eligible personal super contribution by 30 June each year

your total income is less than the higher income threshold of $61,920

10% or more of your total income is from eligible employment, running a business or a combination of both

you are less than 71 years old at the end of the year of income

you do not hold an eligible temporary resident visa at any time during the year

you lodge your income tax return for the relevant income year.

The amount of co-contribution for which you're eligible depends on your income. If your income is equal to or less than the lower income threshold you're eligible for a full co-contribution. Above this income the co-contribution reduces, until it cuts out at the higher income threshold.

	Lower Income Threshold	Higher Income Threshold	What will I receive for every $1 of eligible personal super contributions?	What is my maximum entitlement?
From 1 July 2009 until 30 June 2012*	$31,920	$61,920	$1, up to your maximum entitlement.	Your maximum entitlement is $1,000. However, you must reduce this by 3.333 cents for every dollar you total income, less allowable business deductions, is over $31,920 up to $61,920

Lower Income Threshold

Higher Income Threshold

What will I receive
for every $1 of
eligible personal super contributions?

What is my maximum entitlement?

From 1 July 2009 until 30 June 2012*

$31,920

$61,920

$1, up to your maximum entitlement.

Your maximum entitlement is $1,000. However, you must reduce this by 3.333 cents for every dollar you total income, less allowable business deductions, is over $31,920 up to $61,920

*In the 2011-12 Federal Budget the government announced that, if passed by parliament, the freeze to the income thresholds would also apply for 2012-2013.

Source: ATO Website

More Information

For more information please refer to the Australian Taxation Office (ATO) website. Click here to visit their site.

Important Note

The information provided here should not form the basis for any action that you take. It is important to first discuss your specific circumstances with your financial adviser.