Take advantage of government incentives

Incentive 1: Super co-contribution

How it works

If you make a personal contribution to your super, the government automatically gives eligible members some extra money into your super account too.

Example - How Alex was given $300


Alex is in second last year of studying engineering and earns $18,000. He decides to transfer an extra $600 into his super account via BPAY. Easy.
That’s all Alex has to do, other than lodge his normal tax return.
Because he earns less than the lower threshold of $45,400 in FY2024-25, the government will add an extra 50% of Alex’s contribution to his super account. The ATO automatically deposits the extra $300 into his super account.
The government caps the co-contribution at $500.
Next financial year, Alex plans to deposit $1,000, so he gets the maximum possible co-contribution of $500.
Alex is just an example and not a real person.

Eligibility

  • ●
    Check that you earned less than $60,400 between 1 July 2024 to 30 June 2025.
  • ●
    Check that you earned more than 10% of your total income from employment.
  • ●
    Make a personal contribution to your super account.
  • ●
    Lodge a tax return for the year you made a personal contribution.
Engineering Super will notify you if you get a co-contribution payment and it will appear on your Transactions page.
If you are curious about how much you’ll receive, the ATO has a super co-contributions calculator.

Don’t leave it until the last minute!

To make sure we receive and allocate your personal contribution before the end of the financial year, make your BPAY transfer at least 7 days before the end of the financial year.

Login to get your BPAY details and make a personal contribution

Incentive 2: Low Income Tax Offset (LISTO)

As long as you have your TFN added to your super account, and eligible members will receive the LISTO incentive automatically.

Eligibility

  • ●
    Earn less than $37,000 in a financial year.
  • ●
    Have received concessional (before-tax) contributions for the year into your super account (this includes employer contributions).
  • ●
    Lodge a tax return.
If you’re eligible and you have lodged your tax return, the ATO will automatically make a payment of up to $500 back into your super account.
Engineering Super will notify you if you get a LISTO payment and it will appear on your Transactions page.
For more information on government incentives
Visit the ATO website.

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ABN 43 905 581 638
USI 43 905 581 638 021

Engineering Super

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You should consider the Product Disclosure Statement, Reference Guide, Financial Services Guide and Target Market Determination before making a financial decision about this product.

This is general information only and does not take account of your personal objectives, financial situation or needs. Before acting on it, consider if the information is appropriate and whether you need to speak to an accredited professional. When considering financial returns, past performance is not indicative of future performance.

This product is issued by Diversa Trustees Limited (ABN 49 006 421 638; AFSL No. 235153; RSE Licence L0000635) as trustee for Professional Super which is a sub-fund of OneSuper (ABN 43 905 581 638; RSE R1001341). Professional Superannuation Management Pty Ltd (ABN 31 617 160 791; AFSL No. 499786) (PSM) is the Promoter of Professional Super, which is marketed under multiple brands including Engineering Super.

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