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Spouse Contributions Splitting
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Split your Contributions with your Spouse

Contributions Splitting refers to splitting Concessional Contributions (defined here) between you and your spouse. Typically this is done to increase your spouse's super balance. The key issues around contributions splitting are:

Contributions can be split with your Spouse after the end of the financial year and at any time up to the end of the following financial year. For example, any employer contributions that were made in the 2020 financial year may be split by the receiving Member with their Spouse at any time up to 30 June 2021.

In order to Contributions Split, your spouse must be less than Preservation Age, or if aged between Preservation Age to 64 years, not retired. If your spouse is 65 years old or older, you are not eligible to "contribution split". There is no age test for the Contributor.

 
 
Preservation Age

Date of birth Preservation Age
Before 1 July 1960 55
1 July 1960 – 30 June 1961 56
1 July 1961 – 30 June 1962 57
1 July 1962 – 30 June 1963 58
1 July 1963 – 30 June 1964 59
From 01 July 1964 60

 

Only 85% of the Concessional Contribution made can be split. This is due to the assumption that the contribution will form part of the assessable income of the SMSF and be taxed at 15%.

You must ensure that the Trust Deed of the SMSF allows the splitting of contributions. This is the case with the Trust Deed implemented by ESUPERFUND.

 
 
Complete Spouse Splitting Form

In order to split a Concessional Contribution with your Spouse, you must complete the Spouse Splitting form here*. We will require a copy of this document as part of the annual compliance process. The form however should not be provided to our office until requested by ESUPERFUND as part of the annual checklist process.

 

*Due to individual browser settings, please note that if nothing happens when you click on the link, check whether the file has been downloaded at the bottom of your screen.
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