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If you earn* less than $61,920 pa you could be eligible to receive a Government co-contribution to your super.
This could enable you to accelerate the rate you grow your super.
To qualify for the full co-contribution of $1,000, you generally need to make a personal after-tax super contribution of at least $1,000, and earn $31,920 or less.
However a reduced co-contribution may be payable if you contribute less than $1,000 and/or earn between $31,920 and $61,920 pa.
To find out more about this strategy and its eligibility conditions, seek financial advice.
* Includes assessable income plus reportable fringe benefits, of which at least 10% must be from employment or carrying on a business.
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