SUPERANNUATION CO-CONTRIBUTION

A new federal government initiative known as Standard Business Reporting (SBR) is due for launch in July 2010. The new system aims to reduce the A great way to boost your retirement savings if you have a low taxable income is to access the government superannuation co-contribution. If you make an eligible personal superannuation contribution, the government will match it up to certain limits. The maximum entitlement is $1,000 if your taxable income is below $31,920 and the co-contribution amount is gradually phased out to the higher income threshold of $61,920.