Friday, Sep 24, 2004 at 17:02
mmm i will give them and CBA a ring too...er monday but this is still a current page on their web site
"super. For any
personal, after tax contributions you
make to your super account after
1 July 2003, the government will ‘co-contribute’ (that is,
match that amount dollar-for-dollar) up to $1,000* provided
you meet the eligibility conditions.
To be eligible for the incentive, you must be under 71 years
of age and earning assessable income plus reportable fringe
benefits of less than $40,000 a year.
Spouse contributions: This concept was primarily introduced
by the government to increase the amount of super held
by low income earning spouses. The key differences to the
co-contribution incentive are that:
n The contributions are made by one spouse into an account
held by the other (whereas with co-contributions you
make contributions into your own account).
n The receiving spouse does not have to be working,
but must be less than 65.
n The contributing spouse can receive a tax rebate
($540 maximum).
n You must be a permanent resident of Australia.
* The Government recently announced in the Federal Budget that it
intends to extend the co-contribution to middle income earners from
1 July 2005. Under the proposed rules, the co-contribution will be
available to those earning less than $58,000 and will match personal
contributions up to 100%. The maximum co-contribution being
$1,500 for a contribution of $1,000."
FollowupID:
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