To assist eligible individuals save for their retirement, the government will match personal (after-tax) superannuation contributions made up to certain limits.
The maximum co-contribution is $500. The amount of co-contribution you can receive depends on how much you contribute and what your level of income is.
When an eligible individual’s taxable income reaches $35,454 the co-contribution is reduced by a sliding scale until their income reaches $50,454 by which time the co-contribution is reduced to nil.
