Make spouse contributions
Another option to consider is making a spouse contribution. This is where one partner contributes money into the other partner's super account from their after-tax income. Some conditions apply, including that both spouses must be Australian residents, and the receiving spouse must be under the age of 75.
The partner making the spouse contribution may be able to claim a tax offset of up to 18% (maximum of $540) if they make an eligible contribution on behalf of their spouse, depending on how much their partner earns each year2. Eligibility criteria applies. To claim a tax offset, all of the following conditions must be met:
- the contributions were made to a complying super fund in that income year
- both members of the couple were Australian residents when the contributions were made
- the contributions weren’t deductible by the partner making the contribution
- the couple was not living separately on a permanent basis when the contributions were made.
$37,000 or less |
$540 |
$38,000 |
$360 |
$39,000 |
$180 |
$40,000 or more |
$0 |
Even if you and your partner are not eligible for the tax offset, a spouse contribution may still be a great way to help you save for your future together.
As with contribution splitting, consider getting financial advice before deciding if spouse contribution arrangements are right for you and your partner, and understand more about contribution caps and any tax considerations.
Find out more about spouse contributions
Spouse contributions are easy to arrange — you can organise it right from the Rest App.