Notes
Income and personal contributions
The Government uses annual income and the amount
of personal contributions made to calculate any co-contribution
that may be payable. This calculator works out the co-contribution
amount based on the amount of income and personal contributions
for a financial year.
- Income is assessable income (income before any allowable deductions
are taken off) plus any reportable fringe benefits (non-cash
company benefits that are in addition to regular salary, such
as a company car).
- Personal contributions are contributions made to a super fund
from after-tax pay. They do not include contributions made to
a member by their spouse.
Eligibility
The main requirement is an income of less than
$61,920. For other eligibility requirements and more information
on the co-contribution scheme, see our factsheet
or visit the ATO
website.
Want to make contributions?
You can make regular after-tax contributions by payroll deduction
or by cheque, and you can make lump sum contributions by cheque
at any time. |
