Government co-contributions

Every dollar can make a big difference to your super balance, as it will compound over the years. So if you earn less than $53,564* per year it is worth making a personal contribution to your super – as the government can add a tax-free bonus of up to $500 into your super account, if you’re eligible.

You’ll receive up to $0.50 for every $1 you add to your super during the financial year – whether it’s a regular payment or a one-off top up from your after tax income.

The total co-contribution will depend on your income, and you will need to lodge a tax return to receive it.

Am I eligible?

To receive a government co-contribution you need to:

  • Make voluntary, after-tax contributions during the financial year
  • Earn less than $53,564, with at least 10% from running a business or from an employer*
  • Be aged under 71 at the end of the financial year
  • Be an Australian resident
  • Lodge an income tax return for the financial year

Please note, if you’ve held a temporary resident visa at any time during the financial year, you are not eligible.

How much could I get?

Your total income* Your after tax contribution Co-contribution you would receive
$38,564 or less $1,000 $500
$44,564 $600 $300
$50,564 $200 $100

*For the 2019/20 financial year

Updated on March 8, 2022

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