Government Super Co-Contribution

If you’re a low or middle-income earner and make after-tax contributions to your super, the government might chip in too. This is called the super co-contribution, and depending on how much you earn and contribute, you could get up to $500 from the government.

How Much Can You Get?

• Earn $45,400 or less: The government will match every dollar you contribute, up to $500.

• Earn $45,400 - $60,400: The match gets smaller, but you can still get some co-contribution.

• Earn $60,400 or more: You’re not eligible for the co-contribution.

  
  

Example: If you earn $45,400 or less and put $1,000 into your super, the government will add $500. It’s like getting a 50% return on your investment, no risk, just free money.

Who’s Eligible?

You can qualify if you:

1. Earn less than $60,400 (for the 2024/25 year).

2. Make after-tax contributions (not claiming a tax deduction).

3. Get 10% or more of your income from employment or running a business.

4. Lodge a tax return and are under 71 years old.

   
   

Did You Know?

• Kids can also qualify if they’re working and earning taxable income. For example, if your child earns $500, you can match it, and the government will also add $500, turning $1,500 into $3,000 for their future.

  
  

What to Do

1. Check your eligibility.

2. Make a contribution up to the eligible amount (don’t claim a tax deduction).

3. The government will automatically assess your eligibility and add the co-contribution.

   
   

That’s it! You don’t need to notify anyone—the government does the rest. For more info, you can use the ATO’s Co-Contribution Calculator.