We would recommend you contact your Accru advisor to provide an update on the legislation if you are considering using the bring-forward rules. Spouse Contributions and the Tax Offset If a member makes a contribution to their spouse’s superannuation fund, and the spouse is under 75 and is ea...
For example, the Government co-contribution, spouse contribution tax offset, low income tax offset & Family Tax Benefit may be negatively impacted by the withdrawal, even if the amount of the taxable component is less than $160,000 low rate cap. 3 Different withholding rates apply to ...
The member's spouse may be eligible for a tax offset of up to $540 when making a spouse contribution. How much is contributed? Member decides. Spouse decides. * T he term 'spouse' includes a person who, although not legally married to the member, lives with the member on a bona ...
To be eligible for spouse contributions, the following criteria must be satisfied: The contributing spouse can be of any age and should be a “taxpayer” Both the contributing spouse spouse are residents (for tax purposes) at the time these contributions are made the spouse’s assessable income...
A member's spouse* may make a member contribution for their benefit. This must be made from after-tax money and will be treated as a non-concessional contribution. The member's spouse may be eligible for a tax offset of up to $540 when making a spouse contribution. The member's ...