Receive up to $500 Superannuation Co-Contribution for Eligible Individuals (< 71 YO & Earning <$60,400 (24/25) / $62,488 (25/26)
What is a super co-contribution
If you're a low or middle-income earner and make personal non-concessional (after-tax) contributions to your super fund, the government may also make a co-contribution up to a maximum of $500.
The government co-contribution you receive depends on your income and how much you contribute.
https://www.ato.gov.au/tax-rates-and-codes/key-superannuatio…
You don't need to apply for the super co-contribution. When you lodge your tax return, we will work out if you're eligible. If your super fund has your tax file number (TFN), we will pay it to your super account automatically.
The preservation rules applying to your current super entitlements also apply to the co-contribution.
Eligibility
- No application needed — ATO assesses eligibility automatically when you lodge your tax return.
- Eligibility based on Adjusted Taxable Income — not just taxable income after deductions.
- Contribution must be made before the end of the financial year (30 June).
- Must have earned income (not just investment income like dividends/capital gains).
- have lodged your tax return for the relevant financial year
- not hold a temporary visa at any time during the financial year (unless you're a New Zealand citizen or it was a prescribed visa under [subsection 20AA(2)] of the Superannuation (Unclaimed Money and Lost Members) Act 1999
- Super fund must have your Tax File Number (TFN) recorded.
- Contributions made too close to EOFY may miss eligibility if not processed in time — aim for mid-June.
*have a total superannuation balance less than the general transfer balance cap(https://www.ato.gov.au/tax-rates-and-codes/key-superannuatio…) at the end of 30 June of the previous financial year
*not have contributed more than your non-concessional contributions cap(https://www.ato.gov.au/individuals-and-families/super-for-in…)
Notes:
- Returns are highly attractive — instant 50% bonus on your personal contribution, plus compounding growth inside super.
"No other investment will give an instant, guaranteed 50% return. None."
To receive the co-contribution, your total inco
me must be less than the higher income threshold for that financial year.
Your total income
For the purpose of this test, your total income for the financial year is:
*the total of your
- assessable income
- reportable fringe benefits total
- reportable employer super contributions reduced (but not below zero) by any excess concessional contributions
minus your- assessable first home super saver released amount (if any)
- allowable business deductions (relevant to businesses only).
more clear on the below post
https://au.finance.yahoo.com/news/2-weeks-left-for-aussies-t…
You can estimate how much you may receive as a co-contribution from the government using various calculators found online.
https://www.ato.gov.au/calculators-and-tools/super-co-contri…
Stolen from https://www.ozbargain.com.au/node/851997 , credit to @oziebee
| Year | Maximum Entitlement | Lower Income Threshold | Higher Income Threshold |
|---|---|---|---|
| 2025–26 | $500 | $47,488 | $62,488 |
| 2024–25 | $500 | $45,400 | $60,400 |
