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