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Sunday 21 June 2009

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You may have noticed tax talk starting to pop up, which indicates only one thing: the end of the financial year is nigh. While this means preparing your tax return is imminent (yawn) it also means that the countdown is on if you want to make a co-contribution to your super.

 

If you earn less than $60,000 per year  you can collect up to $1,500 from the Australian Government’s co-contribution scheme if you’re prepared to invest up to $1,000 of your own money into your superannuation. It’s not often that the Government hands out free money so it’s definitely worth considering – you have until 30 June.

 

Read more about how to make a co-contribution in Moneygirl’s Superannuation Section (see ‘Ways to boost your superannuation’) or visit the Australian Tax Office’s website.

 

Join our forum topic of the week – how do you feel about putting money into superannuation, even though you may not be anywhere near retirement age?

 

 

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