Spouse Contribution Tax Offset: Who Qualifies and What You Get
Learn how you can receive a tax offset for making contributions to your low-income spouse's superannuation fund.
This scheme provides a tax offset for individuals who make financial contributions into their spouse's superannuation account.
Who it's for
This is for individuals who make contributions to the superannuation of a spouse who earns a lower income.
What you get
You can receive a tax offset of up to $540. This is a reduction in the amount of tax you owe.
What it costs you
To qualify, your spouse must earn below a specific income threshold. You will need to provide details about your spouse's income and the contributions you made.
The catch to know
The offset is non-refundable. This means if the offset is more than the tax you owe, you will not receive the extra amount as a cash payment.
How to apply
- Confirm your spouse's income is below the required threshold.
- Gather details of the contributions you made to your spouse's super.
- Complete your annual tax return.
- Follow the instructions provided by the Australian Taxation Office regarding tax offsets.