Low income superannuation options
Government co-contribution in 2013-14
You may be eligible to receive the co-contribution if you earn less than $48,516 and you have made an after-tax contribution(s) to your super. The Government co-contribution will be automatically paid to your account if you meet the eligibility criteria.
Make a contribution to your First State Super account.
Low income superannuation contribution (LISC) scheme
If you are eligible and have an annual income up to $37,000 you can also receive a refund of your contributions tax up to a maximum of $500. This new scheme applies to contributions received from 1 July 2012 and the first payments will be made by the Government in the 2013/14 financial year.
Read our Low income superannuation support options fact sheet for more information on the Government co-contribution and the LISC.
*A draft Bill released by the Government proposes that the LISC scheme be abolished.