Super Co Contribution 2010

If you make a personal super contribution before 30 June 2010 then you may receive a government funded Super Co-Contribution of up to $1,000.

You must earn an income of less than $61,920 to receive a Super Co-contribution.

Importantly, this is the first financial year that “reportable super” such as salary sacrifice and tax deductible super has been included in the definition of income.

Many of you who have previously qualified for Super Co-contributions will not be eligible for a Super Co-contribution this year!

Please read the attached Update for more information.