Evangeline Than

Superannuation. Copyright 2009 Evangeline Than.
(Be kind, I whipped this up quickly in the later part of the evening.)

I know that stimulus packages are all the rage now, but let’s not forget another way that we can get free money from the government.

It isn’t as sexy as getting cash to spend now, now, NOW (unless you think that securing your financial future is sexy, which I do), and gratification will be delayed, but with up to a 150% return on investment, it’s definitely one of the best deals I’ll be getting all year.

I’m talking about the Australian government’s super co-contribution initiative. It was introduced from the 1st of July, 2003, in order to help low and middle-income earners save for retirement.

Let’s face it, early career animators definitely fall into this group, and we need all the help we can get. I don’t know about you, but I’d rather not spend my twilight years on a tiny pension eating dog food.

Basically, if you meet the eligibility requirements, and make a personal super contribution to a complying super fund or retirement savings account before the 30th of June, the government will match it with a co-contribution up to a certain limit. In the best case scenario, if you are eligible, and your total income falls under the lower income threshold, you could be entitled to the maximum co-contribution amount of $1,500.

Are you eligible? Find out by visiting the Australian Tax Office’s super co-contribution page.

And now a giant disclaimer will follow.

Disclaimer: Evangeline Than has made every effort to ensure the information in this web site is accurate, however its accuracy, reliability or completeness is not guaranteed. Opinions expressed in this web site may change without notice. Evangeline Than is under no obligation to notify you or publish any amendment if she becomes aware of a change to, or inaccuracy in, this web site or subsequently forms a different opinion. No part of this web site is to be construed as a solicitation to buy or sell any security. Evangeline Than, in preparing this web site, did not take into account the investment objectives, financial situation and particular needs of any investor. Before making an investment decision on the basis of this web site, an investor or prospective investor needs to consider, with or without the aid of a licensed securities adviser, whether the advice is appropriate in light of their particular investment needs, objectives and financial circumstances.