To receive the maximum annual Government contribution of $260.72 per year, the following important criteria apply:
*From 1 July 2025, 16 and 17 year olds will be eligible for Government contributions. And from 1 April 2026 they will be eligible for employer contributions.
Even if you have not saved the full amount, the Government will still put in 25 cents for every dollar you put in between 1 July and 30 June up to the maximum of $260.72. Note: Only employee and voluntary contributions count towards the $1,042.86.