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The New Daily
The New Daily
Business
Craig Sankey

Tax facts: What is and isn’t calculated and how to maximise your return

Question 1. If my daughter earns less than $20,000 in the 2022-23 tax year, and I make a non-concessional contribution to her super fund, will she receive the government co-contribution? Or, does she have to make the non-concessional contribution herself to qualify for the government co-contribution?

The government co-contribution is a great way to get the government to help boost your retirement savings.

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