• Super co-contributions

    The super co-contribution is designed to assist eligible individuals to save for their retirement. If you are eligible and make personal super contributions during a financial year, the government will match your contribution with a super co-contribution up to certain limits.

    Co-contribution income thresholds

    Table 23: Co-contribution income thresholds

    Year

    Maximum entitlement

    Lower income threshold

    Higher income threshold

    2017–18

    $500

    $36,813

    $51,813

    2016–17

    $500

    $36,021

    $51,021

    2015–16

    $500

    $35,454

    $50,454

    2014–15

    $500

    $34,488

    $49,488

    2013–14

    $500

    $33,516

    $48,516

    2012–13

    $500

    $31,920

    $46,920

    2011–12

    $1,000

    $31,920

    $61,920

    2010–11

    $1,000

    $31,920

    $61,920

    2009–10

    $1,000

    $31,920

    $61,920

    2008–09

    $1,500

    $30,342

    $60,342

    2007–08

    $1,500

    $28,980

    $58,980

    2006–07

    $1,500

    $28,000

    $58,000

    2005–06

    $1,500

    $28,000

    $58,000

    2004–05

    $1,500

    $28,000

    $58,000

    2003–04

    $1,000

    $27,500

    $40,000

    The lower income threshold is indexed in line with AWOTE each income year. The new indexed amount is generally available each February. However, note that the thresholds were frozen between the 2010–11 and 2012–13 years.

    The following changes were also made for all contributions made from 1 July 2012:

    • the maximum co-contribution entitlement was set at $500
    • the matching rate was set at 50%
    • the higher income threshold was set at $15,000 above the lower income threshold.

    Additional eligibility requirements were added from 1 July 2017 which includes:

    • having a Total Superannuation Balance of less than $1.6m on 30 June of the year before the year the contributions are being made
    • having not exceeded your non-concessional contributions cap in the relevant financial year.

    See also:

    Last modified: 07 Mar 2017QC 18123