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posted on May 23, 2011 15:29
By putting a little extra money into super before 30 June 2011 your employees could get a bonus top-up from the Government and make a big difference to their super when they retire.

What is the Government co-contribution bonus?
The Government’s co-contribution scheme helps ordinary Australians save more for retirement. When your employees contribute, the Government will contribute too – tax free.

How does the bonus work?
If your employees earn* less than $31,920 pa and top up their super from after-tax pay, they could be eligible for a super bonus where the Government matches $1 for $1 after-tax super contributions up to a maximum of $1,000. The bonus reduces for every dollar earned over $31,920, before phasing out completely at $61,920 pa.

* Total income includes salary, fringe benefits and reportable employer contributions



Adding to super is easy. Just visit our website www.australiansuper.com/boost for more information or for help with your business super needs, call Susan Alexander on 1300 697 873.

AustralianSuper is a leading industry super fund that provides employers with easy and flexible administration. Run only to benefit members, we offer low fees and strong long-term investment returns to help members retire with more.

This document was prepared in May 2011 by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788 the Trustee of AustralianSuper ABN 65 714 394 898

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