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How to Achieve 50% Return on Your Investment: Government Guaranteed!

Posted by G. Dean McKinnon on 11 June 2014

Usually I don't like these types of 'too good to be true' statements, but this one is actually legitimate.

The federal government's Superannuation Co-Contribution Scheme is still available, but with some limitations:

  • Your assessable income for the 2014 Financial Year has to be no more than $33,516
  • You have to make a non-deductible contribution to your super, before 30 June 2014
  • The federal government will co-contribute 50% of your contribution, up to a maximum of $500

So if you make a non-deductible contribution to your super of $1,000, before 30 June 2014, and you meet the eligibility requirements above, the federal government will contribute $500 to your super - and there's your 50% return!

Even if your income is slightly higher than $33,516, and you don't have $1,000 to spare, you may still be eligible for some co-contribution, so contact us, or your qualified adviser, to confirm exactly what you may be entitled to.

Author:G. Dean McKinnon
Tags:SuperannuationInvestmentFinancial Planning

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