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Super Co-Contribution Thresholds

On the back of announcing the Low income superannuation contributions (LISC) measures, the government has made further reductions to the co-contributions scheme, for personal contributions made from 1 July 2012.

The maximum entitlement will be reduced from $1,000 to $500 and the higher threshold will also reduce.

Please contact us at The SMSF Accountant to discuss how this may affect your superannuation situation.

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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.