Superannuation Co-contribution for 30 June 2011 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 2011, the Federal Government will add an additional sum to that amount provided you are earning less than $61,920 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: | $31,920 or less | $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 or more | $0 | $0 |
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4th-May-2011 | 
