Self Managed Super Funds – Administration and Compliance

Hansens Accountants – Thursday, February 16, 2012

Spouse Contributions Splitting


Did you know you can split your Superannuation Contributions in a Self Managed Superannuation Fund?

Following the end of the financial year a member can elect to split their contributions with their spouse, to help their Super balance grow, and also potentially reduce the amount of tax you may pay.
Contributions can be made in a number of ways to your Fund:

– Superannuation guarantee (SG)

– Salary sacrifice

– Personal contributions (deductible or non-deductible)

– Other employer contributions

And in certain circumstances they can be split with your partner, whether you are married or in a de-facto relationship.

This allows for you and your spouse to increase super fund benefits and better access the low rate cap amount on lump sum payments, effectively increasing the amount of super you can access at a lower (or nil) rate of tax. It may allow for personal insurances for your partner to be paid by the Fund, or you simply may plan to add to the “older “ member to allow access to your Superannuation benefits earlier, or in a more tax effective manner.

As a member of a Self-Managed Fund, contribution splitting is a much easier task so if you would like to investigate further, please don’t hesitate to contact our office.


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