super co-contribs received

  1. 17,117 Posts.
    my friends have received their 1500 each from the govt.
    except one.................
    they *** lost it, although itwas stapled to the others
    you put up 1000 to your superfund
    and the govt gives you 1500= 2500 pa
    but.............lots of buts................low income earner etc etc etc
    good for the kids and spouses though
    and they bought BTA shares and have doubled the first 1000 they put in, the next 1500 goes towards the BTA at .76
    forget some of the crap you read earlier posts about the superfund lodging tax returns etc
    the individual only needs to lodge a tax return, and the superfund lodges a MCS (member contribution statement) and voila, 1500 paid
    cheers
 
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