Super24 May 2018

Boost your super with a co-contribution

Elly
Elly
Author

If you earn less than $51,813 in the 2017-18 financial year, the Federal Government will add to any personal after-tax super contributions you make.

The extra money is called a ‘co-contribution’. The government will pay up to 50 cents in the dollar into your super, up to a maximum co-contribution of $500 a year, depending on your total income. 

How can you make contributions?

  • BPAY®
    If using BPAY your payments should be lodged by close of business 28 June 2018 to ensure we receive your money in time. 

  • Direct debit
    The final direct debit run for the 2017-18 financial year will be processed on 20 June 2018. Therefore direct debit requests must be received by close of business 15 June 2018.

  • Cheque
    Cheques must be received by 2pm on 29 June 2018. Cheques can be delivered in person to the Tasplan offices in Hobart and Launceston, or by appointment in Devonport.

Have you provided your tax file number?

To be able to make contributions to your super account you must have your tax file number registered with us. You can do this through Tasplan Online or call us on 1800 005 166 and we’ll update it for you.

Watch out for the contribution caps

Remember there are caps on how much you can contribute to super.
If you exceed these caps, you may pay extra tax.

For more information about making personal contributions to
your super visit tasplan.com.au or call 1800 005 166.

® Registered to BPAY Pty Ltd ABN 69 079 137 518

This article is general information only. Readers should consider getting financial advice before making financial decisions. Issued by Tasplan Pty Ltd. For further information in relation to whether to acquire or hold the products referred to, please read the relevant Member guide available at tasplan.com.au.

The trustee of Tasplan Super (ABN 14 602 032 302) is Tasplan Pty Ltd (ABN 13 009 563 062). AFSL 235391, RSE L0000680. Copyright © 2018 Tasplan Pty Ltd. All rights reserved.

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