Complex Superannuation Strategies

Contribution Splitting and In Specie

Contribution Splitting

This is where you are able to split up to 85% of concessional contributions paid into a super fund in the previous financial year with your spouse. The additional 15% represents the contributions tax that was withheld by the super fund when it received your concessional contributions. These contributions split with your spouse will still fully count against your own contributions caps but may help to build up savings in the names of both members of a couple. This may be a valuable strategy for couples that have one spouse over and one spouse under the Transfer Balance Cap in consideration for having tax-free income streams in retirement. A member is not able to split non-concessional contributions with their spouse.

In Specie Contributions

In certain circumstances you are able to transfer the ownership of certain assets from yourself to a self-managed super fund, known as an ‘in specie’ contribution. For example, you could transfer direct shares from your own name to your super fund as a personal contribution (subject to restrictions with concessional and non-concessional cap limits).