EVER WISHED FOR FREE MONEY? |
| Monday, 20 June 2011 12:57 |
|
If you make a post-tax contribution before 30 June 2011 you could receive a matching contribution from the Government of up to $1,000! Sounds too good to be true? It’s called the Government co-contribution scheme and it’s real! Co-contributions are special payments made by the government to super accounts of members whose total assessable income is less than $61,920 p.a. and who make personal contributions from their after-tax salary.
Receive up to 100% tax-free return on your investment!
Once you make a contribution, you don’t need to do anything. We’ll notify the Australian Tax Office (ATO) about your contribution and they will do the rest once you submit your 2010/11 tax return. If you’re eligible they will pay the co-contribution directly into your Vision Super account. You can make one big lump sum or several smaller contributions before the 30 June 2011 deadline.
If your contribution is processed on or after 1 July 2011 you will miss this year’s cut-off so the sooner you make a contribution the better. Avoid the end of year rush and make your contribution now.
Everyone who makes a post-tax contribution before 30 June 2011 will go into the draw for the latest iPad 2. Everyone who has already made a post-tax contribution since 1 July 2010 will be automatically entered into the draw.
How much can you get? This depends on your total income. Click here to find out how much money you are eligible for, or call our Member Services team on (03) 9911 3222 (or 1300 300 820 for regional callers).
Is your income over $61,920 p.a.? Even if you don’t qualify for a co-contribution you can still boost your super. Check out our Salary Sacrifice calculator to find out how much tax you can save.
Please note: Defined Benefit members who are making their compulsory 6% contribution post-tax may already qualify for a co-contribution and will qualify for the draw.
|
