Super co-contributions

2008-09 income year

The formula for calculating the maximum co-contribution amount is:

$1,500 - {[(assessable income + reportable fringe benefits) - $30,342] x 0.05}

The co-contribution payable is the lesser of:

• the maximum co-contribution amount, or
• the amount of personal super contributions x 1.5.

The co-contribution:

• must be preserved in the fund (it can only be accessed when other preserved amounts can be accessed),
• is not included as income in your tax return,
• will not be subject to any taxation when paid to the fund, and
• will not be taxed when received as a benefit.

For information on calculating your super co-contribution for previous years see Common questions - How do I calculate my co-contributions for previous years.

Sections within Calculating the super co-contribution

• Super co-contribution calculators
• 2009-10 income year
• 2008-09 income year

Last Modified: Monday, 12 October 2009