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.