You may be eligible for an extra super contribution from the government of up to $500. Check your eligibility today.
If you’re a low-to-middle-income earner and make a personal (after-tax) super contribution to your super, the government could pay up to $500 directly into your super. Eligibility criteria apply.
To qualify for the government co-contribution, you need to:
Find out more about the government co-contribution scheme and whether or not you're eligible to get a super boost.
The government will only make a contribution to your super if you’ve made a personal contribution during the financial year and meet the eligibility criteria outlined above. Think of it as the government rewarding your commitment to a financially fit future.
If you’re eligible, the government will add an extra 50 cents to every after-tax dollar (up to $1000) you contribute into your super. That’s up to $500 extra into your super each year, which could add up to thousands by the time you retire.
Use the super co-contribution calculator on ASIC’s MoneySmart website to find out how much you may be eligible for.
*Your total superannuation balance is the total value of your accumulation and retirement phase interests (including rollover amounts not yet included in those interests) across all of your superannuation accounts, reduced by the sum of any structured settlement contributions.