If you are a low-to-middle income earner, the Australian Government may help to boost your super savings through the super co-contribution payment.

Eligible individuals can take advantage of the co-contribution payment by making personal super contributions to their super fund. The government will then match your contributions up to a maximum amount.

Eligibility requirements include earning below a maximum income threshold, making a personal contribution to super in the income year and lodging your tax return.

Any co-contribution amount paid into your account will be shown on your annual benefit statement for the relevant financial year.

For more information about the super co-contribution payment, including eligibility and how much you might get, visit the Australian Taxation Office website.

Co-contribution calculator

Use the MoneySmart super co-contribution calculator to work out how much you could be eligible to receive based on your income.