Super co-contribution thresholds

In the 2011-12 Federal Budget the government announced that the freeze of the indexation applied on the superannuation co-contribution income thresholds for the 2010-11 and 2011-12 years, will apply for an additional year. This means the freeze on indexation applies to personal contributions made in the 2012-13 year.

As part of Mid-year economic and fiscal outlook (MYEFO) 2011-12, the government proposed further reductions to the co-contributions scheme, for personal contributions made from 1 July 2012.

Table: Reductions to the co-contributions scheme 2012-13

Rate	Maximum entitlement	Matching rate	Lower threshold	Higher threshold
Current rates	$1,000	100%	$33,324	$63,324
Proposed changes to current rates	$500	50%	$31,920	$46,920

These proposed changes are not law. We will publish updated guidance if these announced changes become law.

Legislation and supporting material

Tax and Superannuation Laws Amendment (2013 Measures No. 2) Bill 2013

More information For more information, refer to: the 2011-12 Federal Budget (1.4MB) - page 326 the 2011-12 Mid-year economic and fiscal outlook (MYEFO) website Super co-contribution