A spouse super contribution is a type of contribution that is made on behalf of your spouse to a complying SMSF. A spouse includes a person who lives with you on a genuine domestic basis as your husband or wife (does not need to marry to you legally). However, It does not apply to a person who is legally married to you but lives separately and apart from you on a permanent basis.
You can contribute to your spouse’s SMSF if your spouse meet the following criteria:
Eligibility of claiming 18% tax offset on super contribution
You may be able to claim an 18% tax offset of up to $3,000 each year on spouse super contributions. You are only eligible to make claim if your spouse is a low-income earner or non-working and the following conditions are met:
Step 1: Use the lesser of
Step 2: Multiply this amount by 18%.
Step 3: Round up to the nearest whole dollar
Step 1: Subtract $37,000 from your spouse’s total assessable income and reportable fringe benefits.
Step 2: Take this amount away from $3,000.
Step 3: Use the lesser of
Step 4: Multiply this amount by 18%.
Step 5: Round up to the nearest whole dollar.
For more info on how calculate the tax offset and example, please see the ATO website by clicking here.
You cannot claim the tax offset for contributions that you made to your SMSF then split with your spouse. It is called as a rollover or transfer, not a contribution.
Person who is a low-income earner is also eligible for Government co-contribution. To know if you are eligible for a Government co-contribution, please see here.