Helping your spouse with their super can also have great tax benefits for you

We know that saving for retirement is often a joint effort. That’s why we allow you to make spouse contributions and split your super with your partner.

Helping your spouse with their super can also have great tax benefits for you

We know that saving for retirement is often a joint effort. That’s why we allow you to make spouse contributions and split your super with your partner.

Spouse contributions

You can pay contributions into your spouse’s VicSuper FutureSaver account. It’s a great way to help them build their super and can have significant tax benefits.

Tax benefits

  • Tax offset. The partner making the contribution may be eligible to receive a tax offset of up to $540 in each financial year if the spouse receiving the contribution earns under $13,800.
  • Tax effective. You and your spouse both benefit from the concessional tax rates that apply to super.
  • Two low rate thresholds. Spouse contributions allow you to create two low rate thresholds which can have tax benefits if you take your benefit before age 60.

Who can receive spouse contributions?

To be eligible to receive a spouse contribution, the receiving spouse must be under age 70. Conditions apply between the age of 65 and 69 (inclusive).

How to start making spouse contributions to VicSuper

First, the member receiving the contribution needs to be a VicSuper FutureSaver member.

VS CompareDirect debit

Use direct debit to set up regular automatic contributions into your VicSuper account.

Download an Eligible spouse contributions via direct debit form, and send your completed form to VicSuper, GPO Box 89, Melbourne Vic 3001

Icon for BPAYOnline via BPAY®

Transfer money directly from your bank account to your VicSuper account using BPAY®.

Download an Eligible spouse contributions form, and send your completed form to

VicSuper,
GPO Box 89,
Melbourne VIC 3001

Once we receive your form, we’ll mail you the biller code and reference number to use for your internet or phone banking.

Icon for chequeCheque or Money Order

Download an Eligible spouse contributions form, and send your completed form along with your cheque or money order to

VicSuper,
GPO Box 89,
Melbourne VIC 3001

Splitting super with your spouse (contributions splitting)

You can split up to 85% of your concessional super contributions with your spouse.

Concessional contributions generally include:

Tax benefits

Unlike spouse contributions which are made from your after tax savings, contribution splitting takes place before income tax is taken out.

Splitting your contributions across two super accounts may be more tax-effective if both you and your partner are planning to make withdrawals or receive a pension from your super between the ages of 55 and 59 (inclusive).

Who can split contributions?

Contributions can be split provided:

  • each partner agrees to the split
  • the eligible contributions were made during the previous financial year and/or the current financial year provided you are exiting your VicSuper account to roll into another VicSuper product
  • the couple is married or in a de facto relationship (includes same sex couples)
  • the ‘receiving’ spouse has not reached preservation age, or is between preservation age and age 65 and not yet permanently retired
  • an application to split the contributions has not already been made in the same financial year.

How does it impact on the contributions cap?

The original amount before being split counts towards the concessional contributions cap of the person making the split. It does not count towards the non-concessional contributions cap of the person receiving the split.

For details on contributions caps, refer to the Member Guide (Tax – contributions).

Can we access split super early?

Split contributions are generally preserved until the receiving spouse turns 65 or reaches their preservation age and permanently retires. Find out more about Accessing your super.

How to split contributions

Please contact our Member Centre on 1300 366 216. We’ll provide you with a quote and then send you the appropriate form.

If you’re considering splitting your contributions, we recommend you use our express super advice service and speak to one of our financial planners first. While there may be advantages to contributions splitting, for some people there may be downsides.