Co-Contributions

Government Co‑contributions

Grow your super with a top-up from the Commonwealth Government

The Government Co-contribution can help you build your super savings, so you have more to live your best life after you stop working. The amount you receive will depend on how much you earn and how much you contribute. The Government Co-Contribution Scheme rewards you for making a voluntary after-tax contribution to your super.

How it works

If you’re earning less than $57,016 in the 2022/23 financial year and you make a personal (after-tax) contribution into your Super SA account, the Commonwealth Government may give your super a bit of a boost too. The Government may contribute $0.50 for every $1 you contribute to super from your after-tax savings, up to a maximum of $500, subject to meeting eligibility criteria.

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Get a better idea of what the Government could co-contribute to your Super SA account

  •  

     
    If your after-tax super contribution is $1,000

     
    If your annual income is:       Your super co-contribution will be  
    Up to $42,016       $500  
    $45,016       $400  
    $48,016       $300  
    $51,016       $200  
    $54,016       $100  
    $57,016 (or more)       Nil  

  • If your after-tax super contribution is $500

    If your annual income is:   Your super co-contribution will be  
    Up to $42,016   $250    
    $45,016   $250    
    $48,016   $250    
    $51,016   $200    
    $54,016   $100    
    $57,016 (or more)   Nil    

     


  • If your after-tax super contribution is $200

    If your annual income is:   Your super co-contribution will be
    Up to $42,016   $100
    $45,016   $100
    $48,016   $100
    $51,016   $100
    $54,016   $100
    $57,016 (or more)   Nil

     


You can also estimate your super co-contribution with the ATO’s Super co-contribution calculator.


Ready to make an after-tax contribution and receive your Government Co-contribution?

BPAY is a simple way to make one-off contributions. Alternatively, you can set up re-occurring payments using BPAY or complete a Change to After-Tax Contribution Rate form to deduct a percentage into your super fund1

Click below to download your form: 
For Triple S members, click here
For Super SA Select members, click here

Have the following details ready when making your payment:

  • Triple S Biller Code: 465104
  • Super SA Select Biller Code: 979559
  • Your unique Customer Reference Number (can be found in your online member portal)

If you need help with anything, don’t hesitate to give us a call on 1300 369 315 or email us.

1 If you already make regular after tax contributions they will count towards the eligibility to receive a Government Co-contribution.

A few quick Government Co-Contribution case studies

Meet Johnny

Johnny is aged 26 and meets the eligibility criteria. He earns $35,000 p.a. and has decided to invest $1,000 of his after-tax income into super each year.

This means he could receive a Government Co-contribution of $500.

That’s 50% on the amount he’s investing.

Meet Suzie

Suzie is aged 42 and meets the eligibility criteria. She earns $41,000 p.a. and has decided to invest $800 of her after-tax income into super each year.

This means she could receive a Government Co-contribution of $400.

She’s getting a government top-up of 50% on the amount she’s investing.


Some frequently asked questions about Government Co-Contribution

  • The superannuation co-contribution scheme exists to help low to middle income earners save more for retirement.

    Depending on your total income each year, the Commonwealth Government may give your Super SA account a bit of a top-up. How much you get from the government depends on how much you contribute (after tax) as well as your total income for the year.

    If you would like to learn more about Government Co-contributions, get in touch with our Member Services Team now.

  • You should be eligible for the Commonwealth Government Co-Contribution if:

    • Your total income is less than $57,016 for the 2022/23 financial year
    • You have made one or more eligible personal super contributions to your super account during the financial year
    • Pass the two income tests (income threshold and 10% eligible income tests)
    • Be less than 71 years old at the end of the financial year
    • Not hold a temporary visa at any time during the financial year (unless you are a New Zealand citizen or it was a prescribed visa)
    • Lodge your tax return for the relevant financial year
    • Have a total superannuation balance less than the general transfer balance cap at the end of 30 June of the previous financial year
    • Not have contributed more than your non-concessional contributions cap.

    You are not entitled to a super co-contribution for any personal contributions you have made that have been allowed as a tax deduction.

  • An after-tax contribution is the money you pay into your Super SA account after the tax on that income has already been deducted.
    If you would like to learn more about after-tax contributions, click here. 
  • To receive the co-contribution, your total income must be less than the higher income threshold for that financial year.

    Your total income

    For the purpose of this test your total income for the financial year is:

    • the total of your assessable income
    • reportable fringe benefits total (RFBT)
    • total reportable super contributions reduced (but not below zero) by any excess concessional contributions

    minus your   

    • assessable first home super saver released amount
    • allowable business deductions.

    If you are carrying on a business, you may have a high turnover but still be eligible for the super co-contribution due to your allowable business deductions.

    For more information about Income Threshold’s click here to visit the ATO website.

     


Want to live your very best life when you retire? Growing your super is the answer.

To live the life you really want when you retire, you’ll need to be financially fit and ready for it. One of the best ways to achieve financial readiness is to gradually grow your super over a long period of time.

If you’re looking to educate yourself so you can get ahead, click below to learn more.

The superannuation schemes administered by Super SA are exempt public sector superannuation schemes and are not regulated by the Australian Securities and Investments Commission (ASIC) or the Australian Prudential Regulation Authority (APRA). Super SA is not required to hold an Australian Financial Services Licence to provide general advice about a Super SA product. The information in this publication is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Super SA recommends that before making any decisions about its products you consider the appropriateness of this information in the context of your own objectives, financial situation and needs, read the Product Disclosure Statement (PDS) and seek financial advice from a licensed financial adviser in relation to your financial position and requirements.

Talk to us

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