
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.
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