superannuation co-contribution = tax free money, page-4

  1. 3,636 Posts.
    Yes if your on the dole or have little or no income, contribute 1000 and the governement chips in 1500( was 1000 last year).

    So smart people with lots of money in the bank or shares, deriving minimal income can add 1000 to their nominated supa fund and after lodgiong tax return can get up to 1500 gratis.
    You will never get that sort of return elsewhere.
 
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