I'm completing a PhD with a stipend of ~$50k. This is full-time and I do not have any other employment (i.e. my taxable income is $0). I make voluntary super contributions, as my stipend does not include super. I'm wondering whether there is some way I can be considered eligible to receive the government super co-contribution, as my 'income' falls in between the two relevant income brackets?
Hi @sarah22,
In order to be eligible for the super co-contribution, you must pass both income tests.
The two income tests are the income threshold test and the 10% eligible income test.
Our website says: to satisfy this test, 10% or more of your total income must come from either:
- employment-related activities
- carrying on a business
- a combination of both.
Since your stipend is not an employment, nor carrying on a business, you won't be able to meet this test. Unfortunately, this means you cannot be eligible for a co-contribution.
You can read more about the eligibility for the super co-contribution on our website.
All replies
Hi @sarah22,
In order to be eligible for the super co-contribution, you must pass both income tests.
The two income tests are the income threshold test and the 10% eligible income test.
Our website says: to satisfy this test, 10% or more of your total income must come from either:
- employment-related activities
- carrying on a business
- a combination of both.
Since your stipend is not an employment, nor carrying on a business, you won't be able to meet this test. Unfortunately, this means you cannot be eligible for a co-contribution.
You can read more about the eligibility for the super co-contribution on our website.