Government co-contribution

Get a boost to your super of up to $1,000*.

The government co-contribution is a payment made by the Federal Government to low and middle-income earners. The payment is designed to reward those who make an additional contribution to their super, on top of what their employer contributes.

How does it work?

If you earn less than $61,920* per annum and make a voluntary contribution, you may be eligible for a co-contribution of up to $1,000.

The maximum co-contribution of $1,000* applies for people earning up to $31,920* who have made a voluntary contribution of $1,000 to their super account. The amount of co-contribution reduces for incomes above $31,920*. If you make a contribution of less than $1,000, the amount of co-contribution applicable will reduce.

If you are eligible for a co-contribution, it will be automatically calculated by the Australian Tax Office and deposited in your super fund each year after you lodge your tax return.

* Applies for the 2010-11 financial year.