Get $500 return from Australian government by doing this

Something to consider before the end of the financial year is the government co-contribution.

If you put $1,000 into your super and earn below around $47,500, the government will add an extra $500 into your super. That is an instant 50% return on your investment, and as a financial advisor, I can never guarantee returns, but this one is guaranteed by the government.

Definitely look into whether you are eligible. Just make sure you do not lodge a notice of intent to claim a deduction on that $1,000 contribution. It needs to stay as a non-concessional contribution for the co-contribution to apply.

General advice only.