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Co-contribution eligibility

Super co-contributions help eligible individuals boost their nest egg.

The government makes a contribution of up to $500 when certain individuals make personal (after-tax) contributions to their super fund. The amount of co-contribution will depend on an individual’s income and how much is contributed.

To receive a government co-contribution, you must meet the following conditions:
– you must have made one or more eligible personal super contributions during the financial year
– pass the two income tests (income threshold and 10 per cent eligible income tests)
– you must be less than 71 years old at the end of the financial year
– lodge your tax return for the relevant financial year
– not hold a temporary visa at any time during the financial year (unless it was a – prescribed visa or you are a New Zealand citizen)
– from 1 July 2017, you must also have a total super balance less than the general transfer balance cap ($1.6 million for the 2017-18 financial year) at the end of 30 June of the previous financial year and must not have contributed more than your non-concessional contributions cap.

Additionally, individuals are not entitled to a super co-contribution for any personal contributions made that have been allowed as a tax deduction.


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