Splitting

Superannuation splitting allows you to split your before tax superannuation  contributions (employer sponsored or salary sacrifice) with your spouse.

It is particularly relevant for couples where one spouse:

• Is not working
• Earns significantly less than the other, or
• Has very high levels of superannuation in comparison to the other spouse or is likely to do so at some point in the future.

Some restrictions apply as to when and how splitting contributions can be made.

Contribution splitting will be an attractive option if you have a spouse who has a relatively low superannuation balance and you are interested in a more tax-effective means of saving for retirement.

Contribution splitting will provide eligible couples with the opportunity to:

• Accumulate superannuation benefits more evenly over time
• Maximise combined tax free thresholds, and
• Take advantage of group insurance rates available for ESI Super members.

To learn more about contribution splitting, and find out if you're eligible to make them, click here.