Super co-contribution

Super co-contribution income thresholds

There are two super co-contribution income thresholds - a lower income threshold and a higher income threshold. If you are eligible for the super co-contribution and your total income is equal to or less than the lower income threshold, you are eligible for the maximum super co-contribution amount. If your income is between the lower and higher income thresholds, when your entitlement is calculated, it is subject to the taper/reduction rate.

The taper/reduction rate is the amount by which your super co-contribution entitlement amount reduces as you move from the lower income threshold amount to the higher income threshold amount. You are not entitled to a super co-contribution once your total income is equal to the higher income threshold.

	Lower income threshold	Higher income threshold	What will I receive for every $1 of eligible personal super contributions?	What is my maximum entitlement?
From 1 July 2009 until 30 June 2012	$31,920	$61,920	$1, up to your maximum entitlement.	Your maximum entitlement is $1,000. However, you must reduce this by 3.333 cents for every dollar your total income, less any allowable business deductions, is over $31,920, up to $61,920.
From 1 July 2008 until 30 June 2009	$30,342	$60,342	$1.50, up to your maximum entitlement.	Your maximum entitlement is $1,500. However, you must reduce this by 5 cents for every dollar your total income, less any allowable business deductions, is over $30,342, up to $60,342.

	In the 2011-12 Federal Budget the government announced that, if passed by parliament, the current freeze to the income thresholds would also apply for 2012-13 financial year.
	For more information about current and previous rates and thresholds, refer to Key superannuation rates and thresholds.
	For more information about income calculations, refer to Income tests: an overview.

Sections within Eligibility

• Super co-contribution income thresholds
• Income tests