Co-contribution eligibility

Co-contribution eligibility


Super co-contributions help eligible individuals boost their nest egg.

The government makes a contribution of up to $500 when certain individuals make personal (after-tax) contributions to their super fund. The amount of co-contribution will depend on an individual’s income and how much is contributed.

To receive a government co-contribution, you must meet the following conditions:
– you must have made one or more eligible personal super contributions during the financial year
– pass the two income tests (income threshold and 10 per cent eligible income tests)
– you must be less than 71 years old at the end of the financial year
– lodge your tax return for the relevant financial year
– not hold a temporary visa at any time during the financial year (unless it was a – prescribed visa or you are a New Zealand citizen)
– from 1 July 2017, you must also have a total super balance less than the general transfer balance cap ($1.6 million for the 2017-18 financial year) at the end of 30 June of the previous financial year and must not have contributed more than your non-concessional contributions cap.

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

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If you believe the matters discussed above are relevant to your business, please contact Darren Smith of our office to discuss further.


Darren is a Chartered Accountant with extensive experience, including working in the big 4 and medium sized firms before becoming a partner of a city based firm in 2000.

He has gained much experience and has extensive knowledge in providing business and taxation advice, superannuation planning, negotiation of sales and acquisitions of businesses and property development. His client base covers a wide range of industry groups.

Darren works with business owners to grow their businesses and create personal wealth within and outside of their business.


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