25 Jun Splitting contributions with your spouse
Posted at 11:37h in Blog, Contributions
Handy strategy for couples with big age differences. Split from the younger spouse to the older spouse to gain earlier access to super benefits. May also work splitting from the older spouse to the younger spouse to gain access to the Governments Health Card. Also viable option for taxpayers who derive Personal Services Income and their spouse does not perform or provides minimal principal work for the business. The principal worker may claim a deductible superannuation contribution up to the relevant cap and this is split to the spouse in order to gain a full deduction for the spouse super contribution..