Superannuation FAQ

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Do I need to apply for a Super Co-contribution?
You don’t need to apply for a Super Co-contribution. If your income level falls into the range for the Super Co-contribution, all
you need to do is make a personal, after-tax superannuation contribution and complete your annual tax return. The ATO will use
information provided by your Super-fund company and from your tax return to determine your eligibility.

Will my Co-contribution be taxed?
Your Personal Contributions and the Government’s matching Co-contribution are treated as Non-concessional Contributions
which means:
• They are not taxed when deposited into your Super-fund company account; and
• They are not taxed when they are withdrawn either as a lump sum or a complying income stream.

When will I receive my Super Co-contribution?
After you have completed your annual tax return and your Super-fund company has reported to the ATO that you have made a Personal, after-tax Contribution, the ATO will begin to process Super Co-contribution payments. This normally occurs after October 31 each year and the ATO generally starts to pay Super Co-contributions directly into superannuation accounts in November of each year.