Co-contribution
Assumptions and Disclaimer
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Disclaimer

This calculator is based on our current understanding of Australian tax and superannuation laws as at July 2019. The assumptions contained in, and the results obtained from, this calculator are believed to be accurate and are made in good faith. However, to the extent permitted by law, we disclaim all liability to any person in respect of anything done or omitted to be done, and the consequences of such action or omission, by any such person in reliance upon any part of the information obtained by using this calculator.

All contents are (c) Copyright 2019, All Rights Reserved.

Assumptions
The Government co-contribution has been based on the assessable income, reportable fringe benefits, reportable employer super contributions, any relevant deductible business expenses and after tax contributions entered into the calculator.

The Government co-contribution rates and limits are current at 1 July 2019.

1.The voluntary after-tax contribution amounts entered on 'Your details' are paid within a single financial year.
2.Contributions are made to a complying superannuation fund or retirement savings account (RSA) and you have provided your TFN to the fund or RSA.
3.10% or more of the total income is from carrying on a business, eligible employment (that is, where a person is treated as an employee for superannuation guarantee purposes) or both.
4.You have not, as a self employed person, claimed a tax deduction on your after tax contributions.
5.An eligible temporary resident visa was not held at any time during the year.
6.An income tax return was lodged for the year of income.

If your actual situation differs from the assumptions made, then the calculations may differ from your actual amounts.