Super Toolbox
Spouse contributions
Spouse contributions are another way to make the most of super. You can make contributions for your spouse, if they are aged less than 70 years (subject to them meeting a working test if they are over the age of 65).
When you make this type of contribution for your spouse, you may receive an income tax offset of 18% for contributions up to $3,000 p.a. To be eligible for the full rebate of $540, your spouse's assessable income (including reportable fringe benefits and reportable superannuation contributions) must be less than $10,800 p.a. If your spouse earns between $10,800 p.a and $13,800 p.a you are eligible to receive a partial rebate. If you make larger contributions for your spouse it is important to note that any total contribution amount over $3,000 pa is not eligible for a tax rebate. Spouse contributions will count towards your spouse's non-concessional contributions cap.
Definition of a spouse
Under the superannuation rules, a spouse includes another person whether of the same or different gender who, although not legally married to you, lives with you on a genuine domestic basis as your husband or wife. This does not include a person who lives apart from you on a permanent basis. For a definition of a spouse, please refer to the MTAA Super Member Handbook
Contribute for your spouse and save on tax |
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John and Mary are married. John earns $40,000 p.a and Mary earns $10,000 p.a working part time in a clothing store. John decides to make a spouse contribution of $3,000 to Mary's superannuation account. As Mary earns less than $10,800 p.a John is entitled to a rebate of 18% of $3,000. That's a rebate of $540. |