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Super co-contribution income thresholds

There are two super co-contribution thresholds - a lower income threshold and a higher income threshold. If you are eligible for the super co-contribution and your total income is equal to or less than the lower income threshold, you are eligible for the maximum super co-contribution amount. If your income is between the lower and higher income thresholds, when your entitlement is calculated it is subject to the taper/reduction rate.

  The taper/reduction rate is the amount by which your super co-contribution entitlement amount reduces as you move from the lower income threshold amount to the higher income threshold amount. You are not entitled to a super co-contribution once your total income is equal to the higher income threshold.

  Lower income threshold

Higher income threshold

What will I receive for every $1 of eligible personal super contributions?

What is my maximum entitlement?

From 1 July 2009 until 30 June 2012

$31,920

$61,920

$1, up to your maximum entitlement.

Your maximum entitlement is $1,000. However, you must reduce this by 3.333 cents for every dollar your total income, less allowable business deductions, is over $31,920, up to $61,920.

From 1 July 2008 until 30 June 2009

$30,342

$60,342

$1.50, up to your maximum entitlement.

Your maximum entitlement is $1,500. However, you must reduce this by 5 cents for every dollar your total income, less allowable business deductions, is over $30,342, up to $60,342.

Visit the ATO below to get the most up todate information

http://www.ato.gov.au/individuals/content.aspx?doc=/content/42616.htm&page=3

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