17 Mar While if you earn between $38,564 and $53,564 the co-contribution amount will vary depending on how much you earn
This is because if you earn $38,564 or less and invest $1,000 as a personal contribution into your super account the government will pay the maximum co-contribution of $500 into your super account. To read more about co-contributions and your eligibility you can visit the ATO's website at .
If you are with a super fund, such as REST which offers indexed options like Overseas Shares Indexed, which invests in the MSCI world index ex Australia ex tobacco, an index which has returns that are almost identical to VGS , the ETF mentioned above which tracks the MSCI World ex-Australia then you can expect an investment return from your superannuation which is almost identical to the returns you would get from the ETF. Using the average per annum returns of VGS since inception of % at the time of writing () let's take a look at how a Student Start-up Loan and co-contribution would grow over a 30-year period compounded annually (account fees and expenses have not been taken into account to allow for ease of comparison).