Government Co-contribution
Get a super boost of up to $1,000
To help you save for your retirement, the Government is willing to give you a super boost of up to $1,000!
It's called the Co-Contribution Scheme. Provided you are eligible, the government will match your personal contribution dollar for dollar, up to $1,000.
You will be eligible for this tax year (2010/2011), if you:
- make a personal contribution out of after-tax salary to a complying superannuation fund or a Retirement Savings Account (RSA)
- have a total income of less than $61,920
- lodge an income tax return for the year of income
- do not hold an eligible temporary resident visa at any time during the year
- are less than 71 years old at the end of the year of income.
TIP: Your total income is the total of your assessable income, your reportable fringe benefits and your reportable employer super contributions. This may be different to your taxable income.
How much could you get?
For the 2010/2011 tax year, the maximum co-contribution of $1,000 will apply to those who earn $31,920 or less. However, if you earn more than this you may still get a part payment as the co-contribution cuts out when your income reaches $61,920.
Use our Co-contribution Calculator to see if you are eligible.
How to claim
All you need to do is make a personal after-tax contribution to your super account. You don't even have to apply for the Co-Contribution. The Tax Office will calculate your entitlement using information from your superannuation fund and tax return.
For more information
Learn more about Co-contributions by reading our co-contribution factsheet or you can also read more on the ATO website.
About the Fund
Accountants Super is a specialised super fund for accounting professionals. Plan your future and safeguard your assets with our flexible, reliable solutions. With years of experience providing for accountants, we have all the specialised knowledge and expertise to help you manage your super easily and effectively.
Our straight–forward accountants superannuation product gives you the benefit of low fees, flexible options and affordable insurance cover. For years we have been providing accountants with quality services, timely and accurate information. We pride ourselves on our personalised service.
If you’ve ever changed jobs or locations, you may need to consolidate your super. Accountants Super can help with this, so you don’t miss out on any lost or unclaimed super funds. Build a stronger future and take the stress out of your superannuation. Read more
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Accountants Super is a division of Professional Associations Super, an industry fund with over 445,000 members across Australia and over $1.5 billion of funds under management. Professional Associations Super divisions include SMARTpension, Australian Enterprise Super, and RecruitmentSuper
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This information is of a general nature only and does not take into account your personal objectives, situation or needs. Before making a decision about Accountants Super, you should consider your own requirements and the relevant Product Disclosure Statement. Contact us for a copy.