Thursday, December 31, 2009

Government Co-Contribution

On 8th December the Australian Government finally paid $A1,500 into my superannuation account as their "co-contribution" alongside the $A1,000 I invested last financial year. I'll do another one this year as long as my income is below the cut-off limit. Unless I get another job right away in April after this one ends it probably will be. That page, though, suggests that I need to add my employer super contributions into my income figure, which might bring me near to the limit.

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