Use the federal government co-contribution scheme to grow your super balance.

How the government co-contribution scheme works

If you earn less than $37,697 for the 2018/2019 financial year, the Federal Government will match 50 cents for each after-tax dollar you contribute to your super account – up to $500.

If your income is below $52,697 you may still qualify for a reduced government co-contribution.

The ATO will calculate your government co-contribution after you file an income tax return and deposit your co-contribution directly into your superannuation account.

How do I qualify?

To qualify you must:

  • Have a total income of less than $52,697pa
  • Make an after-tax contribution (non-concessional) to your super. Details below
  • Earn at least 10% of your total income from eligible employment or running a business
  • Be a permanent resident or citizen of Australia
  • File an income tax return
  • Be 70 or younger at the end of the financial year
  • Have a total superannuation balance of less than $1.6 million at the end of the financial year
  • Not have exceeded the after-tax contribution cap.

How do I make an after-tax contribution to my super?

The member portal enables you to make a full range of contributions. Click here to learn more. Don't forget you need to register to get access to member portal. Do that here!