Contributing super for your spouse offers both of you super tax benefits:
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Spouse Contribution
If you are employed and your eligible spouse is either not working or earning less than $13,800 per year, you can contribute to their super and get up to $540 tax rebate a year.
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Contributions Splitting
Two super accounts provide two tax-free sums of money at retirement, and putting more into the older spouse's super allows a couple to draw down on their super earlier than if it was all in the younger spouse's super.
Good to know
You can contribute as much as you like to your spouse's super. However your tax rebate is capped at 18% of contributions of up to $3000. The rebate reduces when your spouse earns more than $10,800, including reportable fringe benefits, and stops when your spouse's assessable income reaches $13,800.
How do I do this?
If you and your spouse already have super plans with us, give us a ring and we'll sort it out for you. Call us on (03) 9911 3222 (regional callers 1300 300 820) for more information.
