Government co-contribution¶

Definition. The government co-contribution is a payment the government adds to the super of eligible lower-income earners who make a personal (after-tax) contribution, up to a set maximum based on their income and how much they contribute.

In plain English¶

If you are a lower-income earner and you put some of your own after-tax money into super, the government may chip in extra to help your savings grow. How much you get depends on your income and how much you contributed, and there is a set maximum. You do not need to apply; when you lodge your tax return, the ATO works out if you qualify and pays it to your super fund.

Related lessons¶

• Government co-contributions

General information only — not tax, super or financial advice.