superannuation co-contribution = tax free money

I hope those of you who are 50yrs or older are taking advantage of superannuation co-contribution.

In a nut shell, for every dollar you put into your super over and above the guarantee levy the Gov. will put in $1.50.

eg. if you put in $10, the gov. will put in $15, making total deposit $25.

Thars it basically, heres the web site for all the details:

http://www.ato.gov.au/super/content.asp?doc=/content/42616.htm&page=8&H8

You'd be mad if you didn't do it.

regards.