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Just a quick question about the Superannuation Co-Contribution... it says that if you "make personal (after-tax) contributions..." but I just wanted to check whether it is still considered elligible if you earn under the tax-free threshold, ie - technically the contribution is not "after-tax" as there was no tax payable. I do satisfy all the other criterior.
Hi @domdom
You would be eligible for the super co-contribution as long as meet the criteria listed on the ATO’s Eligibility for the super co-contribution page.
Regarding your income, the link provided above details the income thresholds that will determine your eligibility.
You may also wish to try out the ATO’s Super co-contribution calculator which may help answer your question or have a look at QSuper’s Super co-contributions page.
Thanks,
Mark
Just a quick question about the Superannuation Co-Contribution... it says that if you "make personal (after-tax) contributions..." but I just wanted to check whether it is still considered elligible if you earn under the tax-free threshold, ie - technically the contribution is not "after-tax" as there was no tax payable. I do satisfy all the other criterior.
(after tax) just means no-one is claiming a tax deduction for the super contributions.
Hi @domdom
You would be eligible for the super co-contribution as long as meet the criteria listed on the ATO’s Eligibility for the super co-contribution page.
Regarding your income, the link provided above details the income thresholds that will determine your eligibility.
You may also wish to try out the ATO’s Super co-contribution calculator which may help answer your question or have a look at QSuper’s Super co-contributions page.
Thanks,
Mark
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