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Super co-contribution

Co-contribution Boost your super If your income is less than $61,920 you could benefit from the super co-contribution. Next tip

The super co-contribution is a payment made by the Commonwealth Government into your super account to encourage you to save for retirement.

The government contributes $1 for each $1 you contribute (up to a maximum of $1,000 per year), if your total income is less than $31,920. The super co-contribution progressively reduces for incomes over this amount and phases out completely at $61,920.1

How much could I get?

The maximum amount you can receive is $1,000. The table below outlines the phasing-out scale for incomes exceeding $31,920.

Assessable income1 After-tax contribution required for maximum super co-contribution Maximum super co-contribution2
$31,920 1,000 1,000
$36,920 834 834
$41,920 667 667
$46,920 500 500
$51,920 334 334
$56,920 167 167
$61,920 0 0

CalculatorFind out how much you may be eligible for by using our
Co-contribution calculator
.

Note

For Queensland Government employees – If you meet eligibility criteria (see FAQs below) and are making after-tax standard member contributions (usually 5% of salary), you will automatically be considered for super co-contributions by the ATO.

For non-Queensland Government employees – If you meet the eligibility criteria, you will need to make an after-tax contribution to superannuation to be considered for the super co-contribution by the ATO.

For members salary sacrificing – Contributions made via salary sacrifice are not regarded as qualifying contributions for the super co-contribution. If you are salary sacrificing your standard contributions, you may need to make extra after-tax voluntary contributions to qualify for the co-contribution. You can do this by:

  • making a lump sum after-tax voluntary contribution, or
  • arranging with your pay office to make additional after-tax voluntary contributions from your pay.

Frequently asked questions

Show all answers

Who is eligible for the super co-contribution?

To be eligible you must meet all of the following criteria:

  • your assessable income is less than $61,2901
  • you have made an after-tax contribution before 30 June of the financial year
  • 10% or more of your total income2 needs to be earned from eligible activities, including being an employee, running a business, or both3
  • you are under age 71 at the end of the income year
  • you have not held an eligible temporary resident’s visa at any time during the financial year
  • you have lodged a tax return for the financial year
  • you are not the holder of a temporary visa
  • you have provided QSuper with your tax file number.

You should be aware spouse contributions aren’t included when assessing eligibility for the super co-contribution, and the co-contribution does not count towards the contributions caps.

Do I need to apply for the super co-contribution?

No. Simply lodge your income tax return as normal. The Australian Taxation Office (ATO) will use the information on your income tax return, and contribution information from your super fund, to work out whether you are eligible.

If you are eligible, the ATO will automatically calculate the super co-contribution amount and deposit it into your super account.

 

1. Including reportable fringe benefits, current for the 2009/2010 financial year.

2. Figures are for the 2009/2010 financial year.

3. Eligible employment is where a person is treated as an employee for superannuation guarantee purposes. Members whose only income is from sources such as rentals, investments, or income streams will not generally be eligible for the co-contribution as none of their income is from eligible employment.

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How do I make an after-tax contribution?

To make an after-tax contribution, you can either:

  • BPAY® – use details from your latest benefit statement to make a payment via internet or telephone banking. If you don't have your latest benefit statement, call us.
  • Cheque or money order – complete a deposit form (pdf), attach a cheque or money order, and send to QSuper.
  • In person – vist our Contact Centre and make a deposit in person by cheque, cash, or EFTPOS.*
  • From your pay - contact your pay office and arrange an after-tax contribution directly from your pay.

*Deposits by cash and EFTPOS are limited to $1,000.

I want to...

Make a deposit
Deposit form (pdf)

CalculatorHow much will you get?
Co-contribution calculator

Change my standard contributions^
Request to vary
contributions form
(pdf)

^Queensland Government and related entity employees only.