I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

Want To Make 50% Return On Super Money?

If you make less than $50,000 annually, or your children or spouse earn less than $ 50,000 a year, then you, or your child, or spouse, have a chance in the following weeks (around June 2016) to possibly make half of the return on your superannuation money once you make a non-concessional contribution to your superannuation fund.

Read on to learn how to turn $1,000 into $1,500 (if your total income isn't more than $35,454 for the 2015-2016 year). By paying a $1,000 after-tax (non-concessional) contribution, the government will make a contribution of $500 (tax-free), assuming you qualify the eligibility pre-requisites for the co-contribution.

If you have a total income greater than $35,454 annually, you can still be qualified for this special arrangement. However, the government will provide you with a smaller superannuation freebie (less than $500), though it could be close to the amount.

When you have a total income below $50,454, but bigger than $35,454, then you can still acquire a superannuation freebie when paying a non-concessional contribution, however, the superannuation freebie isn't as big as when your income is smaller than $35,454.

For instance, if you have a total income of $40,000, and you pay a $500 after-tax contribution to your super fund, the government will still contribute $250 to your superannuation account a sure 50% return on the money for the initial year, before you consider any investment earning on the money. If you make $40,000, and you make a $1,000 contribution, however, you will not acquire a $500 government co-contribution (as you would get if you have a total income of less than $34,454): Instead, the co-contribution you'll make is a maximum of $348. If an individual who earns $40,000 contributed $796 (after-tax), still, the co-contribution would be $348, and therefore an immediate 50% return on the after-tax contribution.

Reminder: If you have a total income greater than $50,454 for the 2015-2016 year, you will not be qualified for this certain deal.

If this article has been helpful to you, then feel free to look into our other in the knowledgebase.

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