Item A3 - Government super contributions
See Item A3 and Government-super-contributions on the ATO website for more information.
The values at item A3: labels F, G and H are used to calculate your entitlement to a Government super contribution.
You must not enter Sole trader and professional business income or salary or wages income at the A3 labels. We can calculate that income from labels in the return, so can the ATO.
What we can't calculate is what is earned solely by you or that which is shared with another person.
You must complete the Superannuation super contribution worksheets (scc) at these labels to assist in the calculation of all income; investment, partnership and other sources of income earned solely by you or jointly with another person.
Click label F to open the Superannuation super contribution worksheets (scc).
There are four additional sub-worksheets in the scc and each must be completed if there's an amount showing in the first column.
Complete the A, B, C and D worksheets by dissecting those amounts we've pre-filled in the first column.
Once you have completed these labels you can use the Super Co-contributions What-if calculator worksheet to estimate the amount you might expect from the Government by way of a Government super contribution.
Income from investment, partnership and other sources refers to all investment income (interest and dividends, capital gains and other business income and deductions other than income earned as a Sole Trader) earned solely or jointly with another person.
Where income and expenses are shared with another person or persons, only those transactions with each person that result in a profit are included for these purposes.
If you have more than one person with whom you share income, losses are not offset against gains to arrive at a net position. Each such pairing must be entered separately.
Dissect the the fields we've defaulted an opening balance to relating to business income. It is important to know that as you dissect the amounts into the other applicable columns the original amount does not decrease. It is there as a guide to those items that you need to dissect for the ATO to calculate any entitlement correctly.
Other sources mentioned in the description of label F does not include:
- Sole trader and professional business income, or
- Salary or wages income.
Once you have completed labels F, G and H, you can elect to have a What-if calculation estimate of any Government super contribution you might expect. See
CCH References
13-760 Government co-contributions