The super co-contribution is intended to help eligible people boost their retirement savings.

If you are a low or middle-income earner and make personal (after-tax) super contributions to your super fund, the government also makes a contribution (called a co-contribution) up to a maximum amount ($500 in 2013-14).

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

You don’t need to apply for the co-contribution. If you’re eligible and the fund has your tax file number (TFN) we will pay it to your fund account automatically.

The way your co-contribution is calculated depends on the financial year in which you made your personal super contributions.