Government co-contribution

What is the government co-contribution?

Government super co-contribution is an incentive for lower income earners to add to their own superannuation. Depending on your annual income (up to $60,400 per year), whenever you make a voluntary after-tax contribution to your super, the government can chip-in to boost your super balance even more.

How to contribute

Making a voluntary, after-tax contribution to your super can be done in just a few simple steps:

1. Log into your super fund member section and find your fund's BPay code or EFT details
2. Make the payment from your bank to your super account
3. Fill out the form Intent to claim a deduction for personal super contributions and send it to your fund. They'll send an acknowledgement letter back.
4. Complete the contribution details in your next tax return (section D12) and include the acknowledgment letter. The ATO then does the rest.

How to get your co-contribution

It is not necessary to apply for the co-contribution. The ATO automatically works out the level of co-contribution and pays it into your super.

For help, or more information, contact your Industry SuperFund.