From July 1 this year, the government will slash the popular super co-contribution from $1 to 50¢, reducing the maximum benefit from $1000 to $500.
The measure also means those earning more than $46,920 will no longer get a partial benefit compared with an upper income threshold of $61,920 this year.
If you or your partner are earning less than $61,920, and in particular pay your insurance premiums through your super, you should be eligible for the government to match your contribution’s $1 for $1 until 30 June 2012.
To find out more and how to make this years contribution call us before June 15 on 1800 674 435.