All Checklists

Government Superannuation Co-Contribution Payment

Certain low-income earners (including self-employed persons) may qualify for a government superannuation co-contribution payment (up to $1,500 per annum).

The checklist below will assist in determining your eligibility for the co-contribution payment.

 

Question

 

Yes

No

1

Have you made one or more eligible personal superannuation contributions (excluding salary sacrifice amounts) to a complying superannuation fund or retirement savings account (RSA) during the income year for which no deduction will be allowed?

If yes, proceed to Q2. If no, you are not eligible for the co-contribution payment.





2

Will you derive at least 10% of your total income, that is assessable income and reportable fringe benefits, from the carrying on of a business? Alternatively, will at least 10% of your total income attributable to activities that result in you being treated as an ‘employee’ for superannuation guarantee purposes?

If yes, proceed to Q3. If no, you are not eligible for the co-contribution payment.





3

Will your total income for the income year ended 30 June 2009 exceed $60,432?

If yes, you are not eligible for the co-contribution payment. If no, proceed to Q4.





4

Are you aged 71 or under on 30 June of the year in which the contributions are made?

If yes, proceed to Q5. If no, you are not eligible for the co-contribution payment.





5

Are you aged between 65 and 70 on 30 June of the year in which the contributions are made?

If yes, proceed to Q6. If no, proceed to Q7.





6

Are you in gainful employment for at least 40 hours in a period of not more than 30 consecutive days in the year in which the contributions are made?

If yes, proceed, proceed to Q7. If no, you are not eligible for the
co-contribution.





 

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