Government co-contribution

Try it out

Co-contribution calculator
Like $1,000 from the Government to add to your super? Try this calculator and see if you qualify.

Salary sacrifice calculator
See if salary sacrificing could build your super quicker than making after-tax contributions.

Retirement modeller
Find out if you're on track for retirement and what you can do if you're not.

Make it happen

BPAY for members
Generate your BPAY reference number

Direct debit request form
Download Direct debit request form [PDF 55KB]

Boost your super

To help you save for your retirement, the Government could give you money to boost your super. It’s called Government co-contribution.

Recent Government announcements suggest that fewer Australians may be eligible for a co-contribution bonus in the 2012-2013 financial year and the reward may also be less. So act before 30 June 2012 to get your reward.

You may be eligible for a Government co-contribution if:

• you make voluntary after-tax contributions to a super fund during the financial year,
• your total income was less than $61,920 (for 2011-2012 financial year),
• you are under 71 years old at the end of that tax year,
• you lodged an income tax return for that financial year,
• you have not held a temporary resident visa at any time during the financial year,
• you earned 10 per cent or more of your total income from running a business, or from eligible employment¹ or a combination of both.

If you’re not eligible for Government co-contribution, you could still get some great financial benefits through salary sacrifice.

How much will you be entitled to?

You can use our co-contribution calculator to get a better idea of how much you can expect to receive.

Make your contribution

There are a couple of ways that you can add to your super and take advantage of Government co-contribution:

	BPAY®  You can make one off or regular payments using BPAY. Get your BPAY reference number.
	Direct Debit To make regular payments from your bank or financial institution, complete and return a Direct debit request form [PDF 55KB].
	Payroll Deductions Ask your employer to make regular payments from your after-tax pay.

Contribution Caps

It’s also worth noting that there are some caps which limit the amount of after-tax contributions that can be made and any super contributed over the cap amount is subject to extra tax. But these caps are fairly high. For example, the non-concessional (including voluntary after-tax) contribution cap is set at $150,000 per year. Find out more about contribution caps.

¹ Eligible employment generally means anything resulting in you being treated as an employee. Amounts from eligible employment also includes some income of employees who think of themselves as being self-employed, such as those who run their business through a company and the company pays them salary or wages.

² Total income = assessable income + reportable fringe benefits + reportable employer super contributions.

® Registered to BPAY Pty Ltd
ABN 69 079 137 518

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