You could earn an extra $500 of super
If you deposit extra money into your super account, the government could contribute up to $500 to help boost your retirement savings.
Who’s eligible?
To be eligible for a government super co-contribution you must:
- have made a personal super contribution to your super during this financial year
- pass two income tests (income threshold and 10% eligible income tests)
- be less than 71 years old at the end of the financial year
- not hold a temporary visa at any time during the financial year (unless you’re a New Zealand citizen or it was a prescribed visa)
- lodge your tax return for this financial year
- have a total superannuation balance less than the transfer balance cap ($1.6 million for the 2017–18 financial year) at the end of 30 June of the previous financial year, and
- not have contributed more than your non-concessional contributions cap.
How can I make a super contribution?
There are four easy ways for you to top up your super with after tax contributions:
- BPAY® - Log onto MyLife Online to get your BPAY details.
- Send us a cheque - Download a one-off personal contribution form.
- Ask your employer to deduct contributions from your pay.
- Arrange for a direct debit from your bank account - Download a direct debit form.
When do I need to add money to my super?
Contribute to your super by 21 June 2019 and you could be eligible for a government co-contribution for this financial year.
We’re here to help
If you have questions about government co-contributions and how it could help boost your super, we’re here to help.
Contact us on 1300 655 002 between 8:30am and 6pm AEST/AEDT Monday to Friday, or send us an email.
Send us an email| Your annual income | Personal contribution | |||
|---|---|---|---|---|
| $1,000 | $800 | $500 | $200 | |
| $37,697 or less | $500 | $400 | $250 | $100 |
| $40,697 | $400 | $400 | $250 | $100 |
| $43,697 | $300 | $300 | $250 | $100 |
| $46,697 | $200 | $200 | $200 | $100 |
| $49,697 | $100 | $100 | $100 | $100 |
| $52,697 or more | $0 | $0 | $0 | $0 |
We're here to help
If you have questions about government co-contributions and how it could help boost your super, we’re here to help.