• Co-contributions

    Currently to receive a government co-contribution you must:

    • have made one or more eligible personal super contributions to your super account during the financial year
    • pass the two income tests (income threshold and 10% eligible income tests)
    • be less than 71 years old at the end of the financial year
    • not hold a temporary visa at any time during the financial year (unless you are a New Zealand citizen or it was a prescribed visa)
    • lodge your tax return for the relevant financial year.

    From 1 July 2017 you must also have a total superannuation balance less than the general transfer balance cap ($1.6 million for the 2017-18 financial year) at the end of 30 June of the previous financial year and must not have contributed more than your non-concessional contributions cap.

    See also:

    Summary of impacts for self-managed super funds

    • You may need to allow more time to determine 30 June account balance information.
    Last modified: 22 Feb 2017QC 51309