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30 June 2022

Superannuation co-contribution

If your superannuation co-contribution is between $1 to $500 and your income is < $41,112 then the ATO will pay a matching rate to your superannuation fund of 50% of your contribution of $.50 to $500. This amount reduces by 3.333 cents per $1 until your income reaches $56,112.


You must be under the threshold income test $56,112. This is assessable income plus reportable fringe benefits plus reportable employer contributions.

10% or more of your total income must come from employment-related activities or carrying on a business.

You must be < 71 years old on 30 June.

You must lodge an individual tax return and complete Adjustments A3 section.

You must make a co-contribution to your super fund before 30 June.



Your superannuation balance must be < $1,616,000 on 30 June 2022.

You must not exceed your non-concessional contributions cap in the 30 June 2022 financial year.

Your superannuation co-contribution must appear in your superannuation fund's members statement as personal contributions Label B.

When your superannuation fund actually receives the superannuation co-contribution from the ATO it is recorded in the co-contribution part Label M of your members statement in your superannuation fund's tax return.


The ATO currently makes these superannuation co-contribution payments on the 2nd Friday of each month.


The information provided in the above documents is not intended to be, nor should it be construed as tax advice. Any specific recommendation for a client can only be done after their individual circumstances have been determined by David Douglas Accountants.

We have clients from the following locations:

Brisbane, Albion, New Farm, Teneriffe, Newstead, Windsor, Wilston, Bowen Hills, Wooloowin, Herston, Lutwyche, Hamilton, Eagle Farm, Gordon Park, Fortitude Valley, Clayfield, Ascot, Hendra.

Morayfield, Burpengary, Caboolture, Bellmere, Wamuran, Narangba, North Lakes, Mango Hill, Kallangur, Dakabin, Deception Bay, Bribie Island, Elimbah, Kippa-Ring.

We do tax returns for individuals, trusts, companies, partnerships, contractors, ABNs and sole traders.

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