HomeSMSF NewsEligibility for government Super Co-Contribution

Eligibility for government Super Co-Contribution

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.

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Diana Morris founded The SMSF Accountant in 2010. Diana is a member of both CPA Australia and Chartered Accountants Australia and New Zealand and an affiliate of The Tax Institute. She holds a current public practice certificate, and is a registered tax agent. Diana has completed a Bachelor of Commerce degree and a Graduate Diploma of Chartered Accounting.