Co-Contribution and Other Incentives

EOFY Advice: Co-Contribution and Other Incentives

Are you a low to middle-income earner? If your income is under a certain threshold, making voluntary after-tax super contributions before EOFY on 30 June could make you eligible for a government co-contribution. You may also be able to take advantage of the low tax rate payable in super on investment earnings.

If you earn less than $51,813 per year and you make after-tax super contributions, the Australian government will also contribute into your super account. The government co-contribution scheme is designed to assist low to middle income earners by boosting their retirement savings over time.

How does the government super co-contribution work?

A maximum government co-contribution of $500 is available if you contribute $1,000 and earn $36,813 or less. A reduced amount may be received if you contribute less than $1,000 and/or earn between $36,814 and $51,812.

If you earn $51,813 or more you will not be eligible for a co-contribution.

There are other conditions you need to satisfy to receive the offset. Visit the Australian Taxation Office (ATO) for more information.

The Australian Taxation Office (ATO) determines whether you qualify for a government co-contribution based on the data received from Christian Super (by 31 October each year for the previous financial year) and the information contained in your tax return. This means there may be a time lag between when you make your after-tax super contribution and when the government pays the co-contribution.

As an eligible low to middle-income earner, any amount you are able to contribute to your super will help to boost your retirement savings directly and help you to qualify for a co-contribution from the government.

What do I need to do to get this?

It’s as simple as making a personal contribution of up to $1,000 into your super account during the financial year.
You can do this by using your normal banking service to make a B-Pay payment directly to your super account. To do this you will need to know your personal super account B-Pay details. These B-Pay details can be found on the Christian Super mobile app, online via MemberAccess, or even on your most recent member statement. If you can’t find your account B-Pay details, call us, and we can provide them to you.

Can’t afford to make a contribution?

You are not alone. Recognising this reality the Australian Government also provides automatic superannuation tax relief for low income earners. This program, called, Low Income Superannuation Tax Offset (LISTO), essentially refunds back to a low income earner the tax they paid to the government on their employer contributions (concessional contributions).

If you earn an income of up to $37,000,you will receive a tax offset of up to $500 based on the amount of concessional (before-tax) contributions that have been made to your account. The best bit is that you don’t need to do anything extra to receive this benefit.It’s calculated by the ATO and automatically applied back into your super account.

As always, our Member Care Team are always happy to help and are available 9am and 6pm Monday to Friday. You can call the team on 1300 360 907 or email us at

Disclaimer: The content of this article includes advice that is general in nature and does not consider your personal situation. Christian Super encourages all people considering their options in retirement planning to seek out qualified professionals who can provide specific personal advice.