Then the government will make a co-contribution into your super account! These co-contributions are subject to the government’s eligibility requirements. Please see those requirements at the ATO website
. Yep, that’s money from the government paid to your super account! For example, if you earned less than $43,445 p.a. (between 1 July 2023 to 30 June 2024), they’ll give you 50 cents in the dollar up to a maximum of $500. So, if you transfer $600 into your super account, the government will put $300 into your super.