BENDZULLA ACTUARIAL PTY LTD

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CO-CONTRIBUTION THRESHOLDS

Government support for low income earners

Year
Lower Income Threshold
Higher Income Threshold
Max Entitlement
2010-11
$31,920
$61,920
$1,000
2009-10
$31,920
$61,920
$1,000
2008-9
$30,342
$60,342
$1,500
2007-8
$28,980
$58,980
$1,500
2006-7
$28,000
$58,000
$1,500
2005-6
$28,000
$58,000
$1,500
2004-5
$28,000
$58,000
$1,500
2003-4
$27,500
$40,000
$1,000

A contribution of up to $500 (not indexed) p.a. is proposed for low income earners with adjusted taxable incomes up to $37,000. Concessional super contributions made from 2012-13 will be eligible for the Government payment to be made in the subsequent year.

Contributions made from 1 July 2009 to 30 June 2010
If your personal super contribution is:
$1,000
$800
$500
$200
And your income is:
Your Super Co-contribution will be:
$31,920 or less
$1,000
$800
$500
$200
$34,921
$900
$800
$500
$200
$37,921
$800
$800
$500
$200
$40,921
$700
$700
$500
$200
$43,922
$600
$600
$500
$200
$46,922
$500
$500
$500
$200
$49,922
$400
$400
$400
$200
$52,922
$300
$300
$300
$200
$55,923
$200
$200
$200
$200
$58,923
$100
$100
$100
$100
$61,920
$0
$0
$0
$0

Contributions made from 1 July 2008 to 30 June 2009
If your personal super contribution is:
$1,000
$800
$500
$200
And your income is:
Your Super Co-contribution will be:
$30,342 or less
$1,500
$1,200
$750
$300
$32,342
$1,400
$1,200
$750
$300
$34,342
$1,300
$1,200
$750
$300
$36,342
$1,200
$1,200
$750
$300
$38,342
$1,100
$1,100
$750
$300
$40,342
$1,000
$1,000
$750
$300
$42,342
$900
$900
$750
$300
$44,342
$800
$800
$750
$300
$46,342
$700
$700
$700
$300
$48,342
$600
$600
$600
$300
$50,342
$500
$500
$500
$300
$52,342
$400
$400
$400
$300
$54,342
$300
$300
$300
$300
$56,342
$200
$200
$200
$200
$58,342
$100
$100
$100
$100
$60,342
$0
$0
$0
$0

Contributions made from 1 July 2007 to 30 June 2008

If your personal super contribution is:
$1,000
$800
$500
$200
And your income is:
Your Super Co-contribution will be:
$28,900 or less
$1,500
$1,200
$750
$300
$30,980
$1,400
$1,200
$750
$300
$32,980
$1,300
$1,200
$750
$300
$34,980
$1,200
$1,200
$750
$300
$36,980
$1,100
$1,100
$750
$300
$38,980
$1,000
$1,000
$750
$300
$40,980
$900
$900
$750
$300
$42,980
$800
$800
$750
$300
$44,980
$700
$700
$700
$300
$46,980
$600
$600
$600
$300
$48,980
$500
$500
$500
$300
$50,980
$400
$400
$400
$300
$52,980
$300
$300
$300
$300
$54,980
$200
$200
$200
$200
$56,980
$100
$100
$100
$100
$58,980
$0
$0
$0
$0

Contributions made from 1 July 2004 to 30 June 2007

A one-off additional contribution doubles the co-contribution paid for the year ended 30 June 2006

If your personal super contribution is:
$1,000
$800
$500
$200
And your income is:
Your Super Co-contribution will be:
$28,000 or less
$1,500
$1,200
$750
$300
$30,000
$1,400
$1,200
$750
$300
$32,000
$1,300
$1,200
$750
$300
$34,000
$1,200
$1,200
$750
$300
$36,000
$1,100
$1,100
$750
$300
$38,000
$1,000
$1,000
$750
$300
$40,000
$900
$900
$750
$300
$42,000
$800
$800
$750
$300
$44,000
$700
$700
$700
$300
$46,000
$600
$600
$600
$300
$48,000
$500
$500
$500
$300
$50,000
$400
$400
$400
$300
$52,000
$300
$300
$300
$300
$54,000
$200
$200
$200
$200
$56,000
$100
$100
$100
$100
$58,000
$0
$0
$0
$0

Contributions made from 1 July 2003 to 30 June 2004
If your personal super contribution is:
$1,000
$800
$500
$200
And your income is:
Your Super Co-contribution will be:
$27,500 or less
$1,000
$800
$500
$200
$28,000
$960
$800
$500
$200
$29,000
$880
$800
$500
$200
$30,000
$800
$800
$500
$200
$31,000
$720
$720
$500
$200
$32,000
$640
$640
$500
$200
$33,000
$560
$560
$500
$200
$34,000
$480
$480
$480
$200
$35,000
$400
$400
$400
$200
$36,000
$320
$320
$320
$200
$37,000
$240
$240
$240
$200
$38,000
$160
$160
$160
$160
$39,000
$80
$80
$80
$80
$40,000
$0
$0
$0
$0

 

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