SUPERANNUATION

Government Co-contributions to your Superannuation

BUT WAIT, THERE’S MORE… Up until 30 June 2017, if you earn less than $37,000, the government will also make a 15 cent 'Low Income Super Contribution' for every dollar of concessional super contributions (that is ‘super guarantee’ contributions by your employer and/or ‘salary sacrifice’ contributions by you from pre-tax earnings) — up to another $500 co-contribution. …subject to the same eligibility rules about work earnings, age, and residency.