Australians have just weeks left to claim a $500 cash boost to their super. To get the cash boost deposited in their super fund after tax time, eligible Australians will need to fork out their own voluntary contributions by the new financial year on July 1. But “there are some strings attached”, UniSuper advice team lead Brooke Logan told 7NEWS.com.au.
Internet divided A TikTok highlighting the scheme went viral earlier this year, prompting a discussion about its effectiveness. Some pointed out the co-contributions could be a helpful saving tactic for first homeowners to add to their super if they wished to later withdraw contributions before they retire, using the first home super saver scheme.
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