If you have a spouse, you can make spouse contributions on their behalf. Spouse contributions (up to a maximum of $3000) currently receive an 18% tax offset to the contributing spouse if the eligibility criteria are met. The super contributions put into a spouse's account will also be tax-free when withdrawn at retirement.
For you to be eligible to claim the maximum tax offset, your spouse must be earning $10,800 or less in a financial year. A reduced tax offset may be payable if your spouse earns $13,800 or less in a financial year. No offset is available to you if your spouse earns more than $13,800. The maximum amount of offset available in a financial year is $540.
If your spouse does not have an account with AMG Super, they can join and receive the same great features and benefits that you do.
More Information
For more information please refer to the Australian Taxation Office (ATO) website. Click here to visit their site.
Important Note
The information provided here should not form the basis for any action that you take. It is important to first discuss your specific circumstances with your financial adviser.