I hope those of you who are 50yrs or older are taking advantage of superannuation co-contribution.
In a nut shell, for every dollar you put into your super over and above the guarantee levy the Gov. will put in $1.50.
eg. if you put in $10, the gov. will put in $15, making total deposit $25.
Thars it basically, heres the web site for all the details:
http://www.ato.gov.au/super/content.asp?doc=/content/42616.htm&page=8&H8
You'd be mad if you didn't do it.
regards.
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- superannuation co-contribution = tax free money
superannuation co-contribution = tax free money
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