Superannuation Co-contribution for 30 June 2009 The Federal Government Co-contribution was introduced from 1 July 2003. It is a Federal Government initiative to encourage low to middle income earners save for their retirement within superannuation. Effectively, if you make a contribution of up to $1,000 into your superannuation account before 30 June 2009, the Federal Government will add an additional sum to that amount provided you are earning less than $60,342 this financial year. The table below shows you how much the Federal Government will contribute for various amounts. If your total
annual
income is: | ...and you make
personal contributions of: | ...then the maximum Government
co-contribution is: | $30,342 or less | $1,000 | $1,500 | $31,342 | $967 | $1,450 | $32,342 | $933 | $1,400 | $33,342 | $900 | $1,350 | $34,342 | $867 | $1,300 | $35,342 | $833 | $1,250 | $36,342 | $800 | $1,200 | $37,342 | $767 | $1,150 | $38,342 | $733 | $1,100 | $39,342 | $700 | $1,050 | $40,342 | $667 | $1,000 | $41,342 | $633 | $950 | $42,342 | $600 | $900 | $43,342 | $567 | $850 | $44,342 | $533 | $800 | $45,342 | $500 | $750 | $46,342 | $467 | $700 | $47,342 | $433 | $650 | $48,342 | $400 | $600 | $49,342 | $367 | $550 | $50,342 | $333 | $500 | $51,342 | $300 | $450 | $52,342 | $267 | $400 | $53,342 | $233 | $350 | $54,342 | $200 | $300 | $55,342 | $167 | $250 | $56,342 | $133 | $200 | $57,342 | $100 | $150 | $58,342 | $67 | $100 | $59,342 | $33 | $50 | $60,342 or more | $0 | $0 |
At Newealth we are always looking to innovate and improve our ongoing advice and services wherever possible and if you have any ideas or comments, please feel free to email me at invest@newealth.com.au or to call me on +61 2 9267 2322.
19th-May-2009 |
