A spouse contribution can be made to a super fund by an individual on behalf of their spouse.
A tax offset of 18% is available to the contributing spouse on contributions up to $3,000, where:
- The total income (adjusted taxable income) of the receiving spouse is less than $40,000 in the financial year in which the contribution is made.
- The receiving spouse has not exceeded their non-concessional contributions cap in the relevant financial year or had a total superannuation balance equal to or exceeding the transfer balance cap immediately preceding the start of the financial year in which the contribution is made.
- The receiving spouse is under age 67, or if they are aged between 67-74 years, they must have satisfied the work test requirements during the financial year and before the contribution is made.
- The maximum offset is $540 (being 18% of $3,000).
- Adjusted taxable income is taxable income plus reportable fringe benefits paid by your employer plus super contributions paid by your employer that are above the superannuation guarantee amount. The contribution threshold of $3,000 is reduced by $1 for every $1 of income your spouse earns over $37,000, and is zero your spouse’s total income reaches $40,000.