Co-Contributions
Government Co‑contributions
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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 $60,400 in the 2024/25 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.
Get a better idea of what the Government could co-contribute to your Super SA account
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If your after-tax super contribution is $1,000
If your after-tax super contribution is $1,000If your annual income is: Your super co-contribution will be Up to $45,400 $500 $48,400 $400 $51,400 $300 $54,400 $200 $57,400 $100 $60,400 (or more) Nil -
If your after-tax super contribution is $500
If your after-tax super contribution is $500If your annual income is: Your super co-contribution will be Up to $45,400 $250 $48,400 $250 $51,400 $250 $54,400 $200 $57,400 $100 $60,400 (or more) Nil -
If your after-tax super contribution is $200
If your after-tax super contribution is $200If your annual income is: Your super co-contribution will be Up to $45,400 $100 $48,400 $100 $51,400 $100 $54,400 $100 $57,400 $100 $60,400 (or more) Nil
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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:- Triple S and Super SA members, download your form 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 (08) 8214 7800 or email us.
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
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Why does the Government Co-Contribution scheme exist?
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.
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Government Co-Contribution eligibility
You should be eligible for the Commonwealth Government Co-Contribution if:
- Your total income is less than $60,400 for the 2024/25 financial year
- You have made one or more eligible personal super contributions to your super account during the financial year
- You pass the two income tests (income threshold and 10% eligible income tests)
- You are less than 71 years old at the end of the financial year
- You do 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)
- You lodge your tax return for the relevant financial year
- You have a total superannuation balance less than the general transfer balance cap at the end of 30 June of the previous financial year
- You have 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.
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What is an after-tax contribution?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. -
What is the Income threshold test?
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 Thresholds click here to visit the ATO website.
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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.
