Are you eligible for the Government co-contribution?

March 31 | 2 min

Boost your super by up to $500

If you’re a low or middle-income earner and make personal (after-tax) contributions to your super fund, the government may also make a contribution (called a government co-contribution) up to a maximum amount of $500.

The amount of government co-contribution you receive depends on your income and how much you contribute.

You don’t need to apply for the government co-contribution. When you lodge your tax return, the ATO will work out if you’re eligible. As long as we have your tax file number (TFN) the ATO will pay it to your super account automatically.

How much money can I get?

If your total income* is $39,837 or less for the 2020/2021 financial year, you may be eligible for the maximum of $500 from the government when you contribute $1,000 from your after-tax income to your Vision Super account.

If you earn more than $39,837 for the 2020/2021 financial year, you may still be eligible for a government co-contribution but the amount you receive is scaled back at the rate of 3.333 cents in every dollar over $39,837 with the co-contribution phasing out at $54,837.

Eligibility for the super co-contribution

You may be eligible to a government co-contribution if you fit the following criteria. You:

  • Made voluntary, after-tax contributions into your super during the financial year
  • Have a total annual income of less than $54,837 for the 2020/2021 financial year
  • Are under 71 years old at the end of the 2020/2021 financial year
  • Lodged an income tax return for the financial year
  • Have not held an eligible temporary resident visa at any time during the financial year
  • Earned 10% or more of your total income from running a business if you are self-employed, or from eligible employment, or a combination of both
  • Have a total super balance that’s less than the $1.6 million transfer balance cap on 30 June 2020.

You are not entitled to a super co-contribution for any personal contributions you have made that have been allowed as a tax deduction.

Government co-contribution example

Sarah is 45 years old and earns $32,000 a year as a child care worker. She makes a $1,000 post-tax contribution to her Vision Super account. On lodging her tax return, the ATO will make an additional co-contribution of $500 to her Vision Super account.

Sarah does not need to do anything except make the contribution and lodge her tax return. The ATO and Vision Super take care of the rest.

BPAY your contribution

If you’re a Vision Super Saver member, you can use the biller code and reference number below to make contributions to your super account:
• Biller code: 16618
• Reference: 1859 + your member number

The above biller code and reference number is only for Vision Super Saver members making a post-tax contribution. If you are not a Vision Super Saver member or have any other questions, call us on 1300 300 820.


* Total income is the sum of your assessable income and reportable fringe benefits (such as fringe benefits from your employer like a car or childcare allowance). This includes any salary that has been sacrificed to your super account.

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The great news is you can now open your pension account online through the secure site.

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You’ll just need to open a Vision Personal account first and then you can transfer across to a Vision Super pension.