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Co Contribution

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I'm new

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My husband isn't working so I was wondering if we pay into his super will he be eligible for co contribution payments?

 

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ATO Certified

Devotee Super Specialist

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Hi @lkchapman63

 

Welcome to the ATO community.

 

To be eligible to receive the government super co-contribution your husband must:

  • have made one or more eligible personal super contributions to his super account during the financial year
  • pass the two income tests (income threshold and 10% eligible income tests)
  • be less than 71 years old at the end of the financial year
  • not hold a temporary visa at any time during the financial year (unless he is a New Zealand citizen, or it was a prescribed visa)
  • lodge his tax return for the relevant financial year
  • have a total superannuation balance less than the transfer balance cap ($1.6 million for the 2019–20 financial year) at the end of 30 June of the previous financial year
  • not have contributed more than the non-concessional cap

 

Please be aware, he would not be entitled to a super co-contribution for any contributions he has claimed a tax deduction on.

 

If your husband meets the abovementioned criteria, the super co-contribution eligibility will automatically be assessed by the ATO after your husband lodges his tax return.

 

You may wish to take a look at the ATO’s Super co-contribution calculator and you can find out more about super co-contributions on QSuper’s Super co-contribution page.

 

Thanks,

Mark

2 REPLIES 2
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Devotee Registered Tax Practitioner

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He would need to be working in order to benefit from co-contribution payments.

Highlighted

Best answer

ATO Certified

Devotee Super Specialist

Replies 0

Hi @lkchapman63

 

Welcome to the ATO community.

 

To be eligible to receive the government super co-contribution your husband must:

  • have made one or more eligible personal super contributions to his super account during the financial year
  • pass the two income tests (income threshold and 10% eligible income tests)
  • be less than 71 years old at the end of the financial year
  • not hold a temporary visa at any time during the financial year (unless he is a New Zealand citizen, or it was a prescribed visa)
  • lodge his tax return for the relevant financial year
  • have a total superannuation balance less than the transfer balance cap ($1.6 million for the 2019–20 financial year) at the end of 30 June of the previous financial year
  • not have contributed more than the non-concessional cap

 

Please be aware, he would not be entitled to a super co-contribution for any contributions he has claimed a tax deduction on.

 

If your husband meets the abovementioned criteria, the super co-contribution eligibility will automatically be assessed by the ATO after your husband lodges his tax return.

 

You may wish to take a look at the ATO’s Super co-contribution calculator and you can find out more about super co-contributions on QSuper’s Super co-contribution page.

 

Thanks,

Mark