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 [PDF 114KB].
If they’re not already a Sunsuper member, but would like to be, they can join online.