Super co-contribution - up to $1,500 could be yours

$1,500 could be yours

Super co-contribution - eligibility criteria

To help you save for your retirement, the Government could give you money to boost your super. Simple as that. It’s called a co-contribution and to qualify you just need to pay money in to super yourself and then meet some eligibility rules.

You may be entitled to a Government co-contribution if you fit the following criteria:

• you made voluntary, after-tax contributions to a complying super fund or a retirement savings account (RSA) in Australia during the financial year,
• your total income was less than $60,342 for the 2008/2009 tax year,
• you are under 71 years old at the end of the tax year,
• you lodged an income tax return for the financial year,
• you have not held an eligible 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 if you are self-employed, or from eligible employment¹, or a combination of both.

Does this sound like you? Get the form

Download a Direct voluntary contribution form, complete and send it to us with your payment.

If you want to set up regular payments into Sunsuper, download a Direct Debit form - or you could even BPAY them! You could also talk to your employer and they may be able to set up your regular payments for you.

For more information,download the Government co-contribution factsheet or check out the Co-contribution calculator.

¹Eligible 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.