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Government co-contribution

Government co-contribution

One out of two working Australians could be eligible* for the government co-contribution of up to $1,000 - you could be one of them!

The super co-contribution is a payment of up to $1,000 from the government to help boost your super. How much co-contribution you may receive will depend on your income and how much you contribute.

Check your eligibility and how much you can receive in the Co-contributions Fact Sheet.

How does it work?

Firstly, you make an after-tax contribution to your super.

Then, if you meet the eligibility criteria, the government will pay its co-contribution directly into your super account at the end of the financial year.

How much can I receive?

For low income earners, the government will match your contribution dollar for dollar, up to a maximum of $1,000.

The maximum co-contribution declines as income increases, and cuts out completely for higher income earners.

How do I make an after-tax contribution?

  • Payroll deduction - speak to your employer about setting this up
  • BPay - free call 1800 813 327 for our biller code and a reference number
  • Cheque or money order - download a HESTA deposit slip
  • Direct debit - download a HESTA direct debit request form

For more information about contributions, see Your guide to topping up.

*Based on Australian Bureau of Statistics Gross Individual Income data from the 2006 Census of Population and Housing.

 
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Last Updated: Fri Sep 03 02:12:42 AM GMT +10 2010

© H.E.S.T. Australia Limited. This information has been produced by H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 and is about HESTA Super Fund, ABN 64 971 749 321. It is of a general nature. It does not take into account your objectives, financial situation or specific needs so you should look at your own financial position and requirements before making a decision. You may wish to consult an adviser when doing this. Please note that investments can go up and down. Past performance is not a reliable indicator of future performance. For more information about HESTA, free call 1800 813 327 for a copy of our Product Disclosure Statement which should be considered when making a decision about HESTA.