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If money's tight, you mightn't save as much as you’d want to for your retirement. The Australian Government’s co-contribution scheme gives an annual super boost of up to $500 to eligible low and middle-income earners.
Give me the main points
- To be eligible, you must have an annual income of less than $51,813.
- There are other conditions - we'll get to those in a moment.
- Half a million Australians received the Government co-contribution in 2014-15. ¹
- Best of all, you don't even have to apply. Just file your annual tax return and it’s done for you.