Government Co-Contribution can also boost your partners and adult children’s Supers. Depending on their income, if they put $1000 a year, ($83.5 a month or $38.5 a fortnight etc) of post-tax salary/earnings into their Super then the Government will match it 50%. This happens automatically so there is no work or reporting for them to do.

• Using the calculator, see what $1500 a year or $125 a month at 8.3% growth (Hostplus average) until they turn 60-67 will add to their Super/your combined retirement plan. Or the results if you added $3000 spouse contribution, they added $1000 and the Government added $500 annually (Remember, that’s before employer contributions or other deposits)
• There is no guarantee this initiative will continue indefinitely, and contribution matches may increase or decrease over time