Super co-contribution

Contribute to your super and the government may chip in, thanks to the co-contribution scheme

 

Benefits

Taking advantage of this government perk is an easy way to help grow your super.

Boost your super

By contributing up to $1,000 from your take-home pay to your super, the government could boost it by up to $500 – that’s a 50% return on your investment! 

 

Simple to do

BPAY® an after-tax-tax contribution into your account before the end of the financial year. 

 
Account

No paperwork

If you’re eligible the ATO will automatically pay the money into your super account after you have lodged your tax return.

 

How it works

The amount of co-contribution you could receive depends on your income and how much you contribute to super.

If you earn under $60,400 in the 2024-25 financial year and make an after-tax contribution to your super, you could get up to $500 from the government.

If you earn $45,400 or less, you may receive the full amount. The benefit gradually decreases for incomes up to $60,400.

Am I eligible?

You might be eligible for a co-contribution if:

  • your total income is less than $60,400 in the 2024-25 financial year and you make an eligible after-tax contribution and we have your tax file number on record
  • 10% or more of your total income comes from eligible employment or running a business (or a combination of both)
  • you lodged an income tax return for the financial year
  • you were under 71 years of age and had less than $1.9 million in super as at 30 June 2024  
  • haven’t exceed the after-tax (non-concessional) contribution cap  
  • you didn’t hold a temporary visa at any time during the financial year (unless you’re a New Zealand citizen or it was a prescribed visa)

Bear in mind that you can’t receive a co-contribution for any personal contributions you’ve successfully claimed a tax deduction for. This is because these amounts are converted to before-tax contributions. 

 

How much can I get?

The amount you get each year depends on your income and how much you add to your super. 

                                                                                                             Your personal contribution 

$1000  $800 $500 $200 
Your total income in 2024-2025

Estimated co-contribution

Less than $45,400 $500 $400  $250  $100
$48,400 $400  $400  $250  $100
$51,400 $300  $300  $250 $100
$54,400 $200  $200  $200  $100
$57,400 $100  $100  $100  $100
Over $64,400 $0  $0  $0  $0

Know your limits

There's a cap on how much you can contribute each year and if you go over, you may have to pay more tax.

Contribution limits 

 

Contribute now

You can make an after-tax contribution to your super through your online banking using your account BPAY® details, available in Member Online.

You can also make an after-tax contribution via cheque. Make your cheque payable to 'CareSuper' and attach a completed Make a super contribution form.

Log in to your account


® Registered to BPAY Pty Ltd ABN 69 079 137 518.  

Example

Zoe earns $35,000 a year and regularly puts extra into her super from savings. These after-tax contributions add up to $500 over the financial year. As she doesn't claim this as a tax deduction, she qualifies for a 50% co-contribution. After lodging her tax return, she receives $250 in her super account from the ATO.

Example

James earns $50,000 a year and makes a one-off after-tax contribution of $1,000. As James earns over $45,400, his maximum co-contribution is $347. Since he’s only eligible for a partial co-contribution, he might also consider claiming a tax deduction for up to $306 of his after-tax contribution. 

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Need some help?

If you have any questions about making contributions, we're here to help. You can call us on 1800 005 166, 8am-7pm weekdays (AET)

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