How does it work?
A person making a contribution into the account of their low income earning spouse is eligible for a tax offset of up to a maximum $540 p.a. (18% of a total contribution of up to $3,000) if their spouse earns less than the lower threshold amount.
|Effective date||Total income of recipient spouse||Tax offset1 available to contributing spouse|
|Up to 30 June 2017||$0 - $10,800||Up to $540|
|$10,800 - $13,800||Between $540 - $02|
|From 1 July 2017||$0 - $37,000||Up to $540|
|$37,000 - $40,000||Between $540 - $02|
1 Tax offset applies to a maximum contribution of $3,000 p.a.
2 Tax offset proportionally decreases, cutting out when the spouse earns the higher threshold amount.
Make a spouse contribution
When both you and your spouse are Sunsuper members it’s easy to make and receive spouse contributions. Just complete and download the Spouse Contribution Advice Form.
If they’re not already a Sunsuper member, but would like to be, they can join online.