Get the government to contribute to your super - up to $500

How it works

Maria (44 years)

“For most of the 2015/16 financial year I was employed part-time - so I could help look after my Mum who was very sick. In that financial year my total taxable income was $38,000. I always try to top up my super a bit, with an after-tax contribution, so last May I went online and used BPAY® to transfer $1,000 to my NGS Super account. It only took me about 3 minutes and then in November, after I sent in my 2015/16 tax return I received a $434 government co-contribution in my NGS Super account. So now I have an extra $1,434 working towards my retirement.”

Alice (44) and Rob (46)

“Last financial year I earned $12,000 all up. A lot less than usual because I had a sabbatical for most of the year. Rob and I decided that I’d take advantage of the government co-contribution scheme and that he’d also take the opportunity to make a ‘spouse contribution’ to my super.

So Rob made a $3,000 after-tax contribution to my NGS Super account and I put in an extra $1,000. That was in June last year. Doing it was easy – we just did it on our banking app.

The hard part was deciding to put that extra money aside for our retirement, but when you crunch the numbers it’s a no-brainer really. We contributed a total $4,000 and the government co-contributed $500. Plus Rob got a tax offset of $324.

As an investment, that’s hard to beat!”

Step 1. Calculate your super co-contribution and spouse contribution tax offset entitlements

Conditions apply
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Once you've found the co-contribution levels that work for you, simply review the checklist below to confirm both you and your partner meet the co-contribution eligibility requirements.

Be sure to take note of the relevant cut-off dates to ensure your co-contribution is successfully processed.

Step 2. Check your eligibility

If you can tick all the boxes below, you are eligible for a government co-contribution if you make a personal after-tax contribution to your super in the 2016-17 financial year:

  • My total taxable income this financial year will be less than $51,021.
  • 10% or more of my total income for the 2016-17 financial year will come from employment-related activities, carrying on a business, or a combination of both.
  • I will be less than 71 years old on 30 June 2017.
  • I have not and will not hold a temporary resident visa this financial year (New Zealand citizens and holders of prescribed visas are exempt from this requirement).
  • I will lodge an income tax return for the 2016-17 financial year (even if I don’t expect to be liable for income tax).

Step 3. Check spouse eligibility for tax offset

If you can tick all the boxes below, your spouse will be eligible for a tax rebate on the 'spouse contribution' they make to your super:

  • Both you and your spouse are Australian residents when the eligible spouse contribution is made.
  • You are not living separately or apart on a permanent basis.
  • The eligible spouse contribution was made direct to your superannuation account (not first to your spouse's fund, then split to your super).
  • My income will be less than $13,800 for the 2016-17 financial year (this limit will increase to $40,000 for 2017-18)

Step 4. BPAY® well before 30 June

  • Refer to the email we sent you to locate our Biller Code and your unique reference number.
  • Use your internet banking to do your BPAY® transaction.
  • If you are making a contribution on behalf of your spouse you will need to complete a form and send it to NGS Super with a bank cheque. Click here.
  • Make sure you do this in good time for the payment to be received no later than Friday 30 June – to be certain, we recommend you do this no later than Friday 23 June.

Step 5. Lodge your tax return

Once you've lodged your tax return the Australian Government will pay any co-contribution that you're entitled to, into your NGS Super account - generally within 60 days. When your spouse's tax return is lodged, the ATO will take the tax offset for any spouse contribution into account when calculating the tax refund.

Terms and Conditions

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Eligible personal super contributions were made to your super account during the relevant financial year.

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Your total annual income is assumed to meet the definition of ‘total income’ for the co-contribution eligibility test and income for the spouse tax offset eligibility test, which is the sum of the following with nil allowable business deductions:
  • your assessable income for the financial year;
  • your reportable fringe benefits total for the financial year, and
  • your total reportable employer super contributions for the financial year.
If the NGS Co-Contribution/Spouse Contribution calculator tool will be used for after-tax contributions to be made in the 2017 -18 financial year, you and your spouse must also meet the following conditions:
  • you have a total superannuation balance less than the transfer balance cap on 30 June 2017, and
  • you will not breach the non-concessional (after-tax) contribution cap for the relevant financial year.
The figures provided are based on a series of assumptions, including that all contributions can be saved without additional tax or fees, and are general illustrations only. They do not take your personal circumstances into account and are not intended to be a substitute for professional advice. To speak to a NGS Super Financial Adviser call 1300 133 177.
For more information regarding after-tax contributions click here