Fusion Partners Central Coast - accountants, business advisors, financial planners Institute of Chartered Accountants

The $1,000 Superannuation Co-Contribution

You may be eligible for a 'free' $1,000 contribution to superannuation


created by Lisa Cahill - Fusion Partners Central Coast

08 June 2012


The superannuation co-contribution is a government initiative to help eligible individuals boost their superannuation savings.


If your income for superannuation co-contribution purposes is less than $31,920 in the 30 June 2012 year, the government will match any personal non concessional contribution you make to superannuation dollar for dollar, up to a maximum of $1,000, if you meet all the eligibility criteria.


The rate of superannuation co-contribution is progressively reduced, when your income for superannuation co-contribution purposes is over $31,920, until it reaches $0 when your income for superannuation co-contribution purposes is $61,920 or more.


This is a risk free, government guaranteed 100% return on your investment.


Your income for superannuation co- contribution purposes includes:

  • Assessable income
  • Reportable fringe benefits
  • Reportable Employer super contributions, that is,  superannuation contributions in excess of the 9% SGC.


There is also a requirement that 10% or more of your income for superannuation co- contribution purposes, is from employment or self employment, and that you are under age 71 at 30 June 2012.

You do not need to apply for the superannuation co- contribution, if you are eligible, all you need to do to qualify is make the personal non concessional superannuation co-contribution, and lodge a personal income tax return.

 The government will then make your superannuation co-contribution payment directly to your superannuation fund.
If you have any further questions, please contact Lisa, Daniel or Andrew, or refer to the ATO website:








This article has been prepared for clients of Fusion Partners Central Coast (FPCC) ABN 37 113 405 218 and others on request.

The article is based upon generally available information and is not intended to be, or to replace specialist advice in the areas covered but rather, the article is intended to be informative and educational only.

Although the information is derived from sources considered and believed to be reliable and accurate, FPCC, its employees, consultants, advisers and officers to the maximum extent permitted by the law disclaim all liability and responsibility for any opinion expressed or for any error or omission that may have occurred in this document.

This article may contain general advice which is defined in the Corporations Act to mean that we have not taken into account any of your personal circumstances, needs or objectives. It is therefore imperative that you determine, before you proceed with any investment or enter into any transactions, whether the investment or transaction is suitable for you in consideration of your objectives, financial situation or needs and you must therefore, before acting on any information included in this article, consider the appropriateness of the information having regard to your personal situation. FPCC recommends that you obtain financial and tax or accounting advice based on your personal situation before making an investment decision.

All investments should be made with consideration of risk after reading the FSG and PDS of the product provider, and after obtaining professional advice from a financial planner.

This article was created by John Cahill, based on legislation in place at the time.  Legislative changes may mean that this information is no longer current.  You should speak to your financial adviser.