Noelene satisfies the general co-contribution eligibility criteria for the co-contribution scheme. She earns $32,000 and makes a personal after-tax contribution to superannuation of $3,000 and salary sacrifices $500 into superannuation.

What amount of co-contribution will she receive?

Question

Noelene satisfies the general co-contribution eligibility criteria for the co-contribution scheme. She earns $32,000 and makes a personal after-tax contribution to superannuation of $3,000 and salary sacrifices $500 into superannuation.

What amount of co-contribution will she receive?

BlackTom AI · Accepted Answer

The co-contribution pays 50% of your eligible after-tax (non-concessional) contribution up to a maximum government contribution of $500.

Relevant knowledge points:
- Only personal after-tax (non-concessional) contributions are considered for the government co-contribution; salary sacrifice contributions are concessional and do not count.
- The government matches 50% of the first $1,000 of eligible after-tax contributions, so the maximum co-contribution is $500.
- Eligibility also depends on meeting the income and other general criteria (the question states Noelene satisfies those criteria and her income of $32,000 is within the eligible range).

Step-by-step reasoning and calculations:
1. Identify Noelene’s after-tax (non-concessional) contribution: $3,000 (explicitly stated).
2. Identify concessional (salary sacrifice) contribution: $500 — this does NOT count toward the co-contribution calculation.
3. The co-contribution calculation uses only the eligible after-tax amount up to $1,000. Although Noelene contributed $3,000 after-tax, only the first $1,000 is relevant for the match.
4. The government matches 50% of that eligible $1,000: 0.50 × $1,000 = $500.

Why the correct answer is correct:
- Because Noelene’s eligible after-tax contribution meets and exceeds the $1,000 threshold, she receives the maximum co-contribution of $500.
- Her salary-sacrifice $500 does not reduce or increase the co-contribution because it is a concessional contribution and is excluded from the co-contribution calculation.

Why other possible answers would be incorrect:
- Any answer of $0 would be incorrect because she did make eligible after-tax contributions and meets income/eligibility rules.
- Any answer greater than $500 would be incorrect because $500 is the legislated maximum co-contribution (50% of the first $1,000).

Conclusion: The co-contribution Noelene will receive is $500, which matches the provided correct answer.

Noelene satisfies the general co-contribution eligibility criteria for the co-contribution scheme. She earns $32,000 and makes a personal after-tax contribution to superannuation of $3,000 and salary sacrifices $500 into superannuation. What amount of co-contribution will she receive?单项选择题

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