The Commonwealth Government Super Co-contribution initiative offers a fantastic opportunity to help you grow your super. If you make a personal after-tax contribution before the end of the financial year, the Commonwealth Government could match it and give you $1 for every dollar you invest - up to a maximum of $1,000.

From 1 July 2009, the Co-contribution is open to anyone who earns less than $61,920 per year (assessable income plus reportable fringe benefits and reportable employer superannuation contribution). If you earn under $31,920 you may be entitled to the maximum co-contribution of $1,000.

To qualify you will need to have made one or more personal after-tax contributions to your super account, and your total income needs to be less than $61,920. You will need to lodge an income tax return with ATO for the financial year. In addition, you will need to be less than 71 years of age at the end of that financial year, and have at least 10% of your income earned through eligible employment, running a business or both. People who have held a temporary residence visa at any time during the financial year are not eligible for the co-contribution.

The Co-contribution calculator below will help you work out how much you could receive.

Remember, to be eligible for the super co-contribution, you must make a personal after-tax contribution before the end of the financial year.

There may be a future tax consequence for some members making personal after-tax contributions to the untaxed West State Super scheme compared to other taxed super funds. 

For more information about the Super Co-contribution and untaxed schemes, please read our FAQs.