There are two Co-contribution income thresholds:

  • A lower threshold $37,697
  • A higher threshold $52,697



Eligibility for the super co-contribution:

  • During the year, have made one or more eligible personal super contribution to your super a/c.
  • you pass the two income tests described below:  
    • income threshold test - total income (no deduction EXCEPT for business/sole-traders) must be less than the higher income thresholds
      • total income = assessable income + reportable fringe benefits + reportable employer super - allowable business deductions
    • 10% eligible income test - >10% of your total income must be from employment, business, or both. 
     
  • Less than 71 years old at the end of FY.
  • Not hold temporary visa
  • NOT HAVE CONTRIBUTIED MORE THAN YOUR NON-CONCESSIONAL CONTRIBUTIONS CAP.
  • CANNOT MAKE ANY PERSONAL SUPER CONTRIBUTION AS A TAX DEDUCTION.

ATO will determine the co-contribution amount you are entitled to when you lodge your tax return >>> The co-contribution will pay directly to your super fund.

Only pay to you if:

  • You are retired and no longer have an eligible super account
  • You are the legal representative of the account holder, who is deceased.