Government co-contribution

What is the government co-contribution?

The government co-contribution is designed to help low to medium income earners on less than $61,920 a year save more money for their retirement. If you’re eligible, and make a personal after-tax contribution into your super, the government will match it $1 for $1 up to $1,000 pa.

Extra contributions into your super can boost your future savings by thousands of dollars.

How much could you receive from the government?

This depends on your income and how extra much you are willing to contribute into your super.

See how this works in the table below, or try our co-contribution calculator to use your own income.


 

! Remember, you don’t have to contribute the maximum amount to receive a government contribution.

How can you receive the government co-contribution?

! It can take 3 or 4 days to receive your payment so please allow for this when making contributions close to 30 June.

Simply:

1. Check that you are eligible
2. Use our co-contribution calculator to estimate your bonus
3. Make an after-tax voluntary contribution