A common question and consideration from educators is how the superannuation co-contribution works and how they can take advantage of it. Basically, If you are considered a low to middle-income earner and make a contribution to your super fund, you might be eligible for a government co-contribution of up to $500. What is a super co-contribution? The superannuation co-contribution scheme is a government initiative that aims to assist low to middle-income earners save for their retirement. What this means is depending on the amount of income you earn each year, the government may add to your super balance when you make a voluntary after-tax contribution - i.e. any superannuation contribution y
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