You could get an extra $500 for your super

Depending on your annual income and other eligibility criteria, the government will pay up to 50 cents for every extra dollar you add to your super in a financial year.

When you lodge your tax return, the Australian Taxation Office (ATO) will decide how much you're eligible to receive and make the payment into your super.

Make sure we have your Tax File Number (TFN)—we can’t accept your government super co-contribution without it.

How much you could get

This table shows examples of how much you could receive depending on your annual income and contribution.
Your income
Maximum co-contribution amount available Your contribution amount to receive maximum co-contribution
Up to $41,112 $500 $1000
$44,112 $400 $800
$47,112 $300 $600
$50,112 $200 $400
$53,112 $100 $200
More than $56,112 Not eligible N/A

See if you're eligible and estimate your co-contribution with the ATO’s Super co-contribution calculator.

Eligibility

The ATO determines if you have met the criteria to receive a government super co-contribution. You may be eligible if, among other things:

  • You've earned less than $54,837 and lodged a tax return for the 2020-21 financial year ($56,112 for the 2021-22 financial year)
  • You've made an after-tax contribution into your super during the relevant financial year that doesn't exceed your non-concessional contributions cap, and not claimed a deduction for any of it
  • You're aged under 71 at the end of the relevant financial year
  • You're a permanent Australian resident (exceptions apply to New Zealand citizens and certain people holding temporary visas).
  • Immediately before the start of the relevant financial year, your total superannuation balance is less than the general transfer balance cap for that financial year ($1.6 million for the 2020-21 financial year and $1.7 million for 2021-22 financial year).

For more information on other eligibility criteria which may apply and how the ATO calculates and pays government co-contributions, visit the ATO website.

 

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If you have any questions about government co-contributions, please call 1800 331 685 or contact us.
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