Improve superannuation balances of low income spouses

In the 2016-17 Budget it was announced that from 1 July 2017, the current 18% tax offset of up to $540 will be available for any individual, whether married or defacto, contributing to the super account of a spouse whose income is up to $37,000.

This is an increase from the current income threshold of $10,800.

As is currently the case, the offset is gradually reduced for income above this level and completely phases out at an income above $40,000.

Legislation and supporting material

  • Legislation is currently being developed for this measure.

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    Last modified: 03 May 2016QC 48865