Is the $500 super co-contribution free money? Who gets it in 2026–27
Earn under $49,293 and put $1,000 into super, and the government adds up to $500. Here is how it works.
The super co-contribution is one of the few places the government will match your money. If you're a low or middle income earner and put some of your after-tax pay into super, it adds up to $500.
The 2026–27 thresholds
For 2026–27, you get the full $500 if your total income is at or below $49,293 and you contribute $1,000. The amount tapers off and stops at $64,293 (Financial Planning with Alan).
| Total income | Max co-contribution | You need to put in | Instant return |
|---|---|---|---|
| $40,000 | $500 | $1,000 | 50% |
| $45,000 | $500 | $1,000 | 50% |
| $49,293 | $500 | $1,000 | 50% |
| $52,000 | $410 | $820 | 50% |
| $55,000 | $310 | $620 | 50% |
| $58,000 | $210 | $420 | 50% |
| $61,000 | $110 | $220 | 50% |
| $64,000 | $10 | $20 | 50% |
The government pays 50 cents for each dollar you contribute after tax, up to the maximum for your income. Thresholds as published for 2026–27.
How to get it
Make a personal after-tax contribution to your super fund before 30 June 2027, then lodge your tax return. The ATO works out your entitlement and pays it straight into your super, usually between November and January. There's no form to fill in.
Who qualifies
At least 10% of your income has to come from work or running a business, you need to be under 71 at the end of the financial year, and your total super balance must be under the $2.1 million transfer balance cap (Morningstar). Most temporary visa holders aren't eligible.
Is it really free money?
A 50% instant return is hard to beat, but the money is locked in super until retirement. If you'd need that $1,000 for bills or an emergency, keep it accessible first.
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