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Superannuation co-contribution

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If your total superannuation balance is under $1.7 million and your total income is under the low-income threshold of $42 016 and you contribute $1000 post-tax to your super fund, the government will match it by 50 per cent with a further $500. The super co-contribution gradually phases out to nil (by 3.333 cents per dollar) at the higher income threshold of $57 016.

101 Ways to Save Money on Your Tax - Legally! 2022-2023

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