Government Co-Conts

2024–25
Total income (TI)	Reduction in co‑contribution (R)	Maximum co‑contribution	Payment rate
$0 – $45,400	Nil	$500	Lesser of: $0.50 per $1 of non-concessional contributions maximum co-contribution
More than $45,400 but less than $60,400	(TI – $45,400) × 0.03333	$500 – R
$60,400 +	$500	Nil

2024–25

Total income (TI)

Reduction in co‑contribution (R)

Maximum co‑contribution

Payment rate

$0 – $45,400

Nil

$500

Lesser of:

$0.50 per $1 of non-concessional
contributions

maximum co-contribution

More than $45,400 but less than $60,400

(TI – $45,400) × 0.03333

$500 – R

$60,400 +

$500

Nil

Total income (TI) = assessable income (disregarding any assessable FHSS released amount) + reportable fringe benefits + non-excessive reportable employer super contributions (e.g. salary sacrifice contributions) - business deductions (other than work-related employee expenses or personal super contributions).

To be eligible for a co-contribution, total super balance must be below $1.9 million on 30 June 2024.

See FirstTech Super and Retirement Income Streams Guide for further information.