18 NovWant to grow your super? The government co-contribution may help!
Most employers currently contribute the minimum 9.5% of your salary into your super account via compulsory Superannuation Guarantee (SG) payments. But is this enough to fund your retirement?
If you’re looking for ways to boost your super, the government co-contribution may be of help.
If you have a yearly income of less than $38,564 (before tax) and you’re eligible, the Government will match 50 cents for every $1 that you add to your super from your after tax income. – to a maximum of $500 each year. The maximum entitlement reduces progressively as your income rises to $53,564, when it cuts out completely.*
For more ideas on growing your super and the government co-contribution, visit australiansuper.com/grow-your-super
* Please consider your debt levels before adding to your super.
This article has been sponsored by AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898. For more information about AustralianSuper, please visit australiansuper.com
