I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

Spouse Superannuation Contributions

If you have a super account, and you’re wondering if he or she can contribute to your super account, then this section is for you. In this article, we will talk about spouse superannuation contributions. This is contributing money into the non-working spouse' superannuation.

Are You Eligible for a Spouse Superannuation Contribution?

So if you're in a married or defective relationship, and once working full-time, and the other is not working, you can contribute money to their superannuation account, and you get a tax-free back to it.

How Spouse Superannuation Contribution Works

So how it works is you can contribute up to a minimum of $3,000, you will save an 18% tax rebate. So a maximum of $540 as a tax rebate. So that's not a tax deduction, that's a rebate. If you're paying $5,000 in tax per year, and you contribute $3,000 into your spouse's superannuation, you'll get $540 tax rebate. So you're only actually paying $4,460 a year in tax.

Requirements of Spouse Superannuation Contribution

So to be eligible for a spouse superannuation contribution, the non-working spouse must be earning no less than $13,800 for the part tax rebate. So it's quite a good strategy if you want to maximize superannuation for a non-working spouse.

It would really make a difference if your spouse can contribute to your super money. Your combined money can double the lump sum of your super savings and grow a great deal in the future. Such money could mean a lot once you reach retirement. For more superannuation advice, go to www.australiansuperfinder.com.au

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