Glossary - co-contribution

co-contribution

A payment made by the Government to the super fund of a low or middle income earner to reward them for making personal contributions to super. If you earn less than $37,697, the Australian Government will contribute $0.50 for every $1.00 of after-tax super contribution you make, up to a maximum of $500.

The maximum co-contribution will reduce if your income is higher and no co-contribution is payable if you earn more than $52,697 a year.

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Last updated: 27 Aug 2018