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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:

  1. BPAY® - Log onto MyLife Online to get your BPAY details.
  2. Send us a cheque - Download a one-off personal contribution form.
  3. Ask your employer to deduct contributions from your pay.
  4. 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.