1. Welcome to
LUCRF Super School
Topic: Government
co-contribution scheme
An online learning series

2. What is the Government
co-contribution scheme?
• If you make personal ‘non-concessional’ (after-
tax) contributions into your super before 30
June, you may be eligible to receive a bonus
payment from the Federal Government.
• This is called co-contribution and is designed to
help people grow their super balances.

3. How much can I get?
• The maximum co-contribution for the 2011/12
financial year is $1,000.
• The Government will match every dollar (up to
$1,000) that you personally contribute if you earn
$31,920 a year or less (total assessable income
plus salary sacrificed contributions plus reportable
fringe benefits).

4. How about if I earn more
than $31,920 a year?
If you earn above $31,920 a year, the maximum
co-contribution reduces on a sliding scale as your
income increases until it cuts out altogether at
$61,920.
A partial benefit is paid if you earn between $31,920
and $61,920 a year.

5. How about if I earn more
than $31,920 a year?
Co-contribution scheme for 2011/12 financial
year
Salary ($) Contribution ($) Govt co-cont ($)
31,920 1,000 1,000
41,920 667 667
51,920 333 333
61,921 0 0

6. Am I eligible?
• You must be an Australian permanent resident
and less than 71 years of age.
• You must earn 10% or more of your income
from eligible employment, running a business
(self-employment) or a combination of both.
• You must lodge an income tax return, AND
• You must make a personal contribution to
your super before 30 June.

7. To find out more about the
Government co-contribution
scheme
Talk to us about professional advice
LUCRF Super offers personalised financial advice you
can trust.
Advice regarding super or pensions is generally free.

8. Contact
Phone: 1300 130 780
Email: mypartner@lucrf.com.au
Web: www.lucrf.com.au