Co-Contribution

A payment made by the government to your super fund if you make a personal super contribution and meet certain conditions. To be eligible you need to earn less than $34,488 (2014/15 year), pop $1000 into super for the government to put in $500. You are ineligible if you earn over $49,488. If you are in between you will get a bit. These are based on the 2014/15 financial year rates.