Testimonials


I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC


Super Facts and Tips

Want To Make 50% Return On Super Money?

If you make less than $50,000 annually, or your children or spouse earn less than $ 50,000 a year, then you, or your child, or spouse, have a chance in the following weeks (around June 2016) to possibly make half of the return on your superannuation money once you make a non-concessional contribution to your superannuation fund.

Read on to learn how to turn $1,000 into $1,500 (if your total income isn't more than $35,454 for the 2015-2016 year). By paying a $1,000 after-tax (non-concessional) contribution, the government will make a contribution of $500 (tax-free), assuming you qualify the eligibility pre-requisites for the co-contribution.

If you have a total income greater than $35,454 annually, you can still be qualified for this special arrangement. However, the government will provide you with a smaller superannuation freebie (less than $500), though it could be close to the amount.

When you have a total income below $50,454, but bigger than $35,454, then you can still acquire a superannuation freebie when paying a non-concessional contribution, however, the superannuation freebie isn't as big as when your income is smaller than $35,454.

For instance, if you have a total income of $40,000, and you pay a $500 after-tax contribution to your super fund, the government will still contribute $250 to your superannuation account a sure 50% return on the money for the initial year, before you consider any investment earning on the money. If you make $40,000, and you make a $1,000 contribution, however, you will not acquire a $500 government co-contribution (as you would get if you have a total income of less than $34,454): Instead, the co-contribution you'll make is a maximum of $348. If an individual who earns $40,000 contributed $796 (after-tax), still, the co-contribution would be $348, and therefore an immediate 50% return on the after-tax contribution.

Reminder: If you have a total income greater than $50,454 for the 2015-2016 year, you will not be qualified for this certain deal.

If this article has been helpful to you, then feel free to look into our other in the knowledgebase.

All information on this website is of a general nature only. We have not taken into account your financial situation, needs or objectives. You need to make up your own mind and ascertain yourself if it is right for you. We recommend you read the product disclosure statement(s) and the financial services guide before making any financial decision.

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