Super Co-Contributions

Government co-contribution - large

If you’re a low or middle-income earner and make personal (after-tax) contributions to your super fund, the government also makes a contribution (called government super co-contribution) up to a maximum amount of $500.

From the 2017–18 financial year, to be eligible for a co-contribution:

  • you must have a Total Superannuation Balance less than the general transfer balance cap for that year
  • the contribution you made to your super fund must not exceed your non-concessional contributions cap for that year.

To see if you are eligible for government co-contribution and see how much you will get you can use this Money Smart “Super co-contribution” calculator.

Please feel free to contact us if you would like to discuss your options with one of our financial planners.

The information on the Website is of a general nature only and has been prepared without taking into account your, or any other investor’s, particular financial needs, circumstances and objectives. The information on the Website should not be construed as financial, taxation or legal advice.  Lifestyle Financial Services Pty Ltd recommends that you consult a financial adviser for advice that addresses your specific needs and situation before making investment decisions.