A TikTok posted on Tuesday has gone viral for highlighting that the Australian Government is offering millions of low and middle income earners up to $500 annually in “free” superannuation contributions — but there’s a catch. To get the cash boost deposited in their super fund after tax time, eligible Australians will need to fork out their own voluntary contributions.
Tiktoker shares superannuation hack to get an extra $500. “Why is no one talking about how the government is basically giving away $500 cash for free,” the TikToker said in a video viewed over 300,000 times. But UniSuper advice team lead Brooke Logan told 7NEWS.com.au: “There’s no such thing as a free lunch , so there are some strings attached.
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