Super co-contribution

About the super co-contribution

The superannuation (super) co-contribution is a government initiative to help eligible individuals boost their super savings for the future.

If you are a low or middle-income earner, you may be able to take advantage of the super co-contribution payment by making eligible personal super contributions to your super fund or retirement savings account (RSA). The government will then match your personal super contributions up to the maximum amount.

The maximum super co-contribution payable, and the way we work out this amount depend on the financial year in which you made your eligible personal super contributions.

You don't need to apply. If you're eligible, all you need to do is make eligible personal super contributions to your super fund or RSA and complete the A3 government super contribution labels in your income tax return.

Super co-contribution and tax

The super co-contribution is:

• not subject to tax when it is paid to your super fund or RSA
• not included as income in your tax return
• preserved in a super fund or RSA and can only be accessed when other preserved amounts can be accessed - that is, when a condition of release has been met.

Earnings on the super co-contribution will be taxed like any other earnings of the super fund or the RSA provider.