What is a co-contribution payment?A superannuation co-contribution payment is a government contribution into your super account that partially or fully matches a personal contribution. The amount the government gives you is dependent on your assessable income – usually meaning that the less you earn, the more you will get from the government.Are you eligible?
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...then you may be entitled to a co-contribution of up to $1,000 on contributions you pay to Catholic Super from your after tax income. Refer to our co-contribution fact sheet for a full list of eligibility conditions. The co-contribution amount reduces for incomes between $61,920 and $31,920*. At $31,920 or less you could get the whole $1,000.
Use BPAY® to make a payment to your super account There is a temporary reduction in the co-contribution matching rate for after tax contributions made in the five years from the 2009-10 year through to the 2013-14 financial year.
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Need more information?
- Use the co-contribution calculator.
- Download our co-contribution fact sheet.
- Learn more on personal (after tax) contributions and,
- How you can make contributions to your super account
Claiming your co-contribution
Other than make your after tax contribution, you don’t need to do anything to claim your co-contribution. If you are entitled to a co-contribution payment, it will be made automatically after your annual tax return is assessed by the Australian Taxation Office (ATO).*Please note that the thresholds of the co-contribution do vary each financial year. For more information, call the Australian Tax Office on 13 10 20 or visit ATO Website.
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