Did you know that your spouse can top up your retirement savings and receive a tax offset for themselves?
What is a spouse contribution?
A spouse contribution involves your spouse making a direct contribution into your super account. Spouse Contributions are a type of non-concessional contribution (NCC) and count towards the receiving spouse’s NCC cap of $100,000 each financial year. Contributions for a spouse under the age of 65 can be brought forward to a limit of $300,000 over three financial years.
What’s in it for me?
Money is added to your account which helps to boost your superand set you on your way to living your best life.
What’s in it for my spouse?
Your spouse may receive a tax offset of up to $540, depending on:
If you earn less than $37,000, your spouse may receive an 18% tax offset for contributions up to $3,000.
If you earn between $37,000 and $40,000, your spouse may receive a partial tax offset if the contribution is under $3,000.
2. Select the 'Make a contribution'button to view your personal details for BPAY or EFT.
3. Get your spouse to make a personal contribution from their after-tax money into your account using the ‘Spouse and Child Contributions’ BPAY details. Your spouse will be able to claim the tax offset when they complete their tax return.
Refer to our fact sheetfor more information on spouse contribution eligibility.
This website is provided by LGSS Pty Limited (ABN 68 078 003 497) (AFSL 383558), as Trustee for Local Government Super (ABN 28 901 371 321) (Active Super). The information shown on this website is general information only and does not take into account your investment objectives, financial situation or particular needs. Accordingly, you should consider your own particular circumstances, refer to the relevant Product Disclosure Statement at activesuper.com.au and consider seeking professional personal advice before making any financial decisions.