Government Co-Contributions
If you'd like a house (metaphorically) made of bricks when you
retire - as opposed to one made from sticks or straw - the time to
act is now. And we mean right now, while the Federal Government is
giving you money…without any huffing and puffing.
Thanks to the ongoing Co-contribution Scheme, they're paying you
up to $1.00 for every $1.00 you pay into your Intrust Super
account.
$1.00 for every dollar?!! You could break the bank!
Naturally there are conditions. For example, you have to earn
less than $61,920 p.a. to be eligible, plus your contribution has
to be after tax and there is a $1,000 ceiling on their
generosity.
The important thing to remember is, that when the end of
financial year comes around, if you have any spare $$$ lying
around, it may be in your best interest to put it into your super.
After all, who else is going to pay you up to 100% return on your
contribution?!!
To be eligible for this financial year, we must receive your
voluntary contribution before the end of June, so complete one of
our forms now…not once upon a time, but right now.
Also if you like the thought of getting money from the
Government regularly, you should give some serious thought to
making regular contributions. If so, complete a "regular
contributions" application form. That's all. After you've lodged
your tax return, the Government will pay their share (refer
Co-contributions Chart) straight into your super.