Get a $500 Gift from the Australian Government
Earn under $49,488? You could get up to $500 from the gov via the super co-contribution. Just put in $1,000 after-tax into super and they’ll add 50%. It’s a rare 50% guaranteed return!
🤑 Free Money? Yes Please.
You read that right — the government is offering you up to $500 for free. No strings attached. No scam. Just cold, hard co-contribution cash... if you meet a couple of simple conditions.
🎯 Who's Eligible?
To qualify for the superannuation co-contribution, you need to:
- Earn less than $49,488 this financial year
- Have at least 10% of your income come from a job or self-employment
That’s it. If that sounds like you, read on!
💰 How It Works
For every $1 you contribute to your super (after tax), the government will chip in 50 cents, up to a maximum of $500.
So if you pop $1,000 into your super fund, they’ll toss in $500.
Where else can you get a guaranteed 50% return on your money?
To make a contribution, just contact your super fund — they’ll tell you exactly how to do it.
🧮 Want to Know How Much You’ll Get?
Try this handy calculator:
👉 MoneySmart Super Co-Contribution Calculator
🎁 Seriously, Take the Free Money
It might be the easiest $500 you ever earn — no selling your soul, no dodgy pyramid schemes.
Got other clever ways to boost your cash? Drop them in the comments below!
Want more juicy details?
👉 SuperGuide: Cashing in on the Co-Contribution Rules
