Depending on your circumstances, the government can make additional contributions to your super for you.
Super co-contributions can help boost your super savings if you’re a low or middle-income earner. To be eligible, you need to be making personal after-tax contributions to your super fund.
The government will match your contributions (called co-contributions) with 50 cents for each dollar you contribute, up to a maximum of $500 per annum.
The easy part is you don’t need to apply for a super co-contribution. The ATO will determine whether you’re eligible when you lodge your tax return, as long as your super fund has your tax file number (TFN) on file. If you’re eligible, the co-contribution will be paid to you super account automatically.
For more information on the eligibility requirements visit the ATO website.