Who is eligible?
Q.
I want to contribute a little to my super fund and have read
something about the governments co-contribution. What do I need to
do to be eligible for this co-contribution?
A.
You need to receive "eligible income" which is mainly income
from a job, not income from investments. You also need to make a
non concessional contribution to super and the government will give
you up to 150% of it. For example if you earn $28,000 a year and
made a contribution of $1000 you would receive a co contribution of
$1500. There is more information on the ATO website.
Each week financial advisor Noel Whittaker answers your
questions.
