It’s not often the Government will give you money, so don’t miss out

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How does the co-contribution work?
If you earn less than $33,516 in the current financial year and make personal contributions to superannuation (and meet
other eligibility criteria), the Government will assist your retirement savings by making an additional contribution (cocontribution)
on your behalf at the rate of 50 cents for every $1 you put in, up to a maximum of $500.
If your total income is between $33,516 and $48,516, the following formula is used to determine how much cocontribution
you are eligible for: $500 – [0.03333 x (total income – $33,516)]
The Government co-contribution is an attractive way to boosting your retirement savings and it is worth seeking advice
to see if you are eligible.


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