There are many reasons your partner may have less super than you. Spouse contributions can help close the gap.
Contributing to your spouse’s super can benefit both of you. The main benefits are:
Less tax for one partner
The contributing partner can offset their tax by up to $540. The partner on a lower or no income can enjoy their super balance increasing.
Balanced super accounts
Contributing to your spouse’s super will help create more of a balance between your accounts, so you can both enjoy a better retirement.
Growing both your super, and your partners super, means more money to enjoy the things you love in retirement.
How it works
- You must make a non-concessional (after-tax) contribution to your spouse’s super (you’ll need their account details)
- You must be married or in a de facto relationship and Australian residents
- The receiving spouse’s income must be $37,000 or less for you to qualify for the full tax offset and less than $40,000 for you to receive a partial tax offset.
Limits and caps
You can’t claim the tax offset if your spouse has exceeded their after-tax contributions cap for the financial year, or if their super balance was more than the transfer balance cap on 30 June of the previous financial year.
Split your super instead
You can also split your super contributions between you and your partner’s super account, as a before-tax contribution. See the super splitting page for more information.
You’ll need your spouse’s super account details, so you can set up one-off or recurring payments into their super account via BPAY or bank transfer (arranged through your online banking).
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