Government super co-contribution is an incentive for lower income earners to add to their own superannuation. Depending on your annual income (up to $60,400 per year), whenever you make a voluntary after-tax contribution to your super, the government can chip-in to boost your super balance even more.
Making a voluntary, after-tax contribution to your super can be done in just a few simple steps:
It is not necessary to apply for the co-contribution. The ATO automatically works out the level of co-contribution and pays it into your super.
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