The Government Co-Contribution can help you build on your super with an extra contribution of up to $1,500 pa.

Who is eligible?

The eligibility requirements have changed since 1 July 2007 to allow more people to benefit from this initiative.

You may be eligible if:

• your total income is less than $58,980 pa
• you earn 10% or more of your income from eligible employment
• you are less than 71 years of age at the end of the financial year
• you make personal super contributions (after-tax) by 30 June each year to a complying super fund
• you do not hold an eligible temporary resident visa at any time during the income year
• you lodge an income tax return for the relevant year.

How do I take advantage of this?

If you’re eligible for the government co-contribution, all you have to do is make sure you’re making personal after-tax contributions to your super fund. The Tax Office automatically calculates whether you are entitled to receive a Super Co-contribution using information provided by your superannuation fund and from your income tax return.

When will my Super Co-contribution be paid?

The Tax Office generally make the co-contribution payments directly to your super fund within 60 days of receiving both your income tax return and super fund membership information.

Click here for a copy of the Tax Office brochure "Super Co-contribution - saving now for your future"