The Government is still giving away cash to boost your super! Are you eligible?
Receive $500 from the government just for boosting your superannuation balance with you paying up to $1,000.
Such contribution must be paid by you with your after tax money and received by your superannuation fund prior to 30th June 2017 so do not leave it last minute to pay.
If you are low income earner below $36,021 for 2016/17 year or between
$36,021 – $51,021 you will be eligible for either all or some of the co-contribution.
Once your tax return for 2017 year is lodged, the ATO will verify your income and pay the contribution into your fund to top it up subject to meeting the eligibility criteria.
You can even set up a weekly amount to be paid after tax into your fund to help with cash flow, that equates to only $20 per week.
Want to find out more? Contact myself at emma@grimaaccounting.com.au or refer to ATO link for further information.
https://www.ato.gov.au/individuals/super/in-detail/growing/super-co-contribution/