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Super Co-Contribution

The super co-contribution is intended to help eligible people boost their retirement savings.
If you are a low or middle-income earner and make personal (after-tax) super contributions to your super fund, the government also makes a contribution (called a co-contribution) up to a maximum amount ($500 in 2014-15 and 2015-16).

The amount of government co-contribution you can receive depends on how much you contribute and what your income is.

You don't need to apply for the co-contribution. If you're eligible and the fund has your tax file number (TFN) the ATO will pay it to your fund account automatically.

The way your co-contribution is calculated depends on the financial year in which you made your personal super contributions.

Super co-contribution and tax
The super co-contribution:

  • is not subject to tax when it is paid to your super fund
  • is not included as income in your tax return
  • is preserved in a super fund and can only be accessed when other preserved amounts can be accessed.

Earnings on the super co-contribution will be taxed like any other earnings of the super fund.