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Co-contribution

What is the super co-contribution?

You could be eligible to receive up to a $500* tax free bonus from the Government to top up your super.

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?

  • Make a personal contribution to super
  • Have a total income less than $46,920* in the 2012/2013 financial year
    (assessable income, reportable fringe benefits, and reportable employer super contributions, less any allowable business deductions)
  • Be under 71 years old at the end of the financial year
  • Be an Australian resident
  • Lodge an income tax return for the financial year
  • Have earned at least 10% of your total income from running a business or from an employer or a combination of both
  

Refer to our co-contribution fact sheet for more information.

The co-contribution amount reduces for incomes between $46,920 and $31,920*. At $31,920 or less you could get the whole $500.

Use our simple co-contribution calculator to see how much of the co-contribution you are entitled to if you make a personal contribution.

Use BPAY® to make a payment to your super account
You'll need our Biller Code and also your unique BPAY Reference number which you can find by logging into Member Online or by contacting us.

Need more information?

Claiming your co-contribution

Once you have made your personal contribution, you don’t need to do anything to claim your co-contribution. If you are entitled to a co-contribution, it will be made automatically after your income tax return has been processed by the Australian Taxation Office (ATO).

For more information, call the Australian Tax Office on 13 10 20 or visit ATO Website.



* The Government announced further reductions to the co-contributions scheme, for personal contributions made from 1 July 2012 for the 2012/2013 financial year. The information contained on this page reflects the proposed changes, but they are not law as they have not been passed by parliament or received royal assent.

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