Contribution splitting is for the purpose of increasing the super’s account balance of your spouse by giving a portion of your super. When you split your contributions, you transfer or rollover a portion of the contributions you recently made to your SMSF account to your spouse’s SMSF account.
A spouse includes a person:
Conditions to be met when splitting with your spouse and the lodgement time-frame
To be able to split with your spouse, he/she has to meet the following conditions:
You can lodge the Superannuation contributions splitting application in the:
When would your application be invalid
Your application mostly likely is invalid if the following conditions are applied to your situation:
Types of contributions that can be split
There are 2 main types of contributions that can be split with your spouse:
For a full list of contributions that can and cannot be split, please see the Instruction Guide.
You can also view the sample form for the Superannuation Contributions Splitting Application.
To know more about what contributions that you can make to your SMSF, please see here.