What is the government co-contribution scheme?
The aim of the scheme is to help lower, and some middle-income earners grow their retirement savings with a co-contribution to their super account. If you make up to a $1000 after-tax contribution to your super, you could receive up to $500 from the government for that financial year.
Do you qualify for the scheme?
To be eligible, you must:
- Be an Australian citizen, a permanent Australian resident or a New Zealand citizen working in Australia
- Provide us with your TFN
- Make a personal contribution before the financial year ends
- Earn less than $60,400 before tax annually (for 2024/2025 financial year), with at least 10% from employment or self-employment
- Lodge your tax return for the financial year
- Be under 71 years of age at the end of the financial year
- Stay within the non-concessional contribution cap and have a super balance under the transfer balance cap of $1.9 million (for the 2024/25 financial year) as of 30 June at the previous financial year
- Not hold a temporary visa at any time during the financial year (unless you are a New Zealand citizen or it was a prescribed visa)
More information can be found on the ATO website.
What are the potential benefits?
The table shows your potential super co-contribution benefit for the 2024-25 financial year based on your after-tax contribution before 26 June 2025*:
| You earn: | You contribute: | You could receive: |
| $45,500 or less | $1,000 | $500 |
| $48,500 | $800 | $400 |
| $51,500 | $600 | $300 |
| $54,500 | $400 | $200 |
| $57,500 | $200 | $100 |
| $60,400 or more | Any amount | $0 |
For a more detailed calculation, visit the ATO website.
How to get the government co-contribution?
You don't need to apply for the super co-contribution or complete any additional forms, as long as we receive your voluntary contribution by 26 June 2025* and have your Tax File Number on record.
Once you lodge your tax return for the 2024/25 financial year, the ATO will determine if you are eligible and then automatically pay a contribution into your legalsuper account. The ATO makes most super co-contribution payments between November and January
*The funds must be with legalsuper before 26 June 2025 to qualify for the 2024/25 financial year.
How to make a voluntary after-tax contribution?
Simply pay through an Electronic Funds Transfer (EFT), including your Membership Number in the transition description or via BPAY® using the details below, quoting your BPAY Reference Number.
You can make one-off or ongoing payments through your personal bank account.
- BPAY Biller Code: 29728
- BPAY Reference Number: This is unique to each member. Log in to your MemberAccess or view your last statement to find it.
You must include your membership number in the transaction description. We cannot allocate your payment without this.
- Bank account name: legalsuper
- Bank: Westpac Banking Corporation
- BSB: 032021
- Account number: 560011
- Description: Your legalsuper member number
- SWIFT code (for overseas transfers): WPACAU2S
- Branch address: Corner of Pitt & Bridge Streets Sydney, NSW 2000
You must include your membership number in the transaction description. We cannot allocate your payment without this.
