Super Co-contribution Calculator

Please Note:This calculator only applies to personal super contributions made from 1 July 2004.

It can be used to work out the Super Co-contribution you could be eligible to receive, based on information you provide about your income and personal super contributions.

Eligibility - 1 July 2004 to 30 June 2007

You will be eligible for the Super Co-contribution in a year of income if:

• you make personal superannuation contributions to a complying superannuation fund or an RSA;
• your total income (assessable income plus reportable fringe benefits) is less than $58,000;
• 10% or more of your total income is from eligible employment;
• you do not hold an eligible temporary resident visa at any time during the year;
• you lodge an income tax return for the year of income and;
• you are less than 71 years old at the end of the year of income.

Note:
For the 2005 - 06 income year only, the maximum co-contribution amount has been increased from $1,500 to $3,000.

Eligibility - from 1 July 2007

In addition to the current eligibility criteria, changes made from 1 July 2007 include;
The Super co-contribution is now available to the self employed providing 10% or more of your total income is from carrying on a business, eligible employment or a combination of both, and
Income thresholds have been indexed. The new lower and upper income threshold are $28,980 and $58,980.
A table of thresholds is available at:
http://ato.gov.au/super/content.asp?doc=/content/42616.htm&page=7&H7

• Note
• - from 1 July 2007 if you have not quoted your Tax File Number to your superannuation fund or RSA your fund will not be able to accept your personal superannuation contributions'.
• - the lower threshold of $28,000 will be indexed each year, and
• - the higher threshold will be the lower threshold plus $30,000.

Working out your Super Co-contribution