Co-contributions
If you make personal non-concessional contributions, you may qualify for a Government co-contribution, depending on whether or not your income falls within a maximum limit. Eligibility for a co-contribution is subject to certain requirements including your income level, age and source of income. Co-contributions are not subject to a contributions cap and are not taxed in the Fund.
The maximum co-contribution amount has been reduced for contributions made in the 2009/2010, 2010/2011, 2011/2012, 2012/2013, and 2013/2014 financial years. For further information about the current co-contribution thresholds and rates, refer to the Australian Taxation Office website or to your financial adviser.
