People may be able to claw back their market losses if they qualify for the tax bonus under the Government's $42 billion fiscal stimulus package.
Under the Government initiative, people who earn less than $80,000 and have lodged their 2007/08 tax return are eligible to receive the $950 tax bonus.
People who also qualify for the Government's co-contribution could put this one-off $950 tax bonus into superannuation, ClearView Retirement Solutions technical manager Dante De Gori said.
"Investing $950 into superannuation and receiving the co-contribution payment would boost people's super savings by $2,450," he said.
"This could effectively help reduce some of the market losses that people have incurred to their savings."
While investing the bonus into super is a positive step, the tax bonus disadvantages some retirees, according to Centric Wealth head of technical research Anne-Marie Esler.
"Retirees who are earning an income outside of superannuation are required to lodge a tax return and therefore could be eligible for a tax bonus," she said.
"Retirees who only rely on their superannuation for income do not need to submit a tax return and therefore miss out on this payment."
