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  • Spouse tax offset

    Effective 1 July 2017, the spouse's income threshold was increased to $40,000 for the 2017-18 and future financial years. The current 18% tax offset of up to $540 will remain as is and will be available for any individual, whether married or de facto, contributing to a recipient spouse whose income is up to $37,000. As is currently the case, the offset is gradually reduced for income above this level and completely phases out at income above $40,000.

    Individuals won't be entitled to the tax offset when their spouse receiving the contribution has exceeded their non-concessional contributions cap for the relevant year, or has a total superannuation balance equal to or exceeding the transfer balance cap immediately before the start of the financial year in which the contribution was made.

    The intent of this change is to extend the current spouse tax offset to assist more couples to support each other in saving for retirement. This will better target super tax concessions to low-income earners and people with interrupted work patterns.

    See also:

    Summary impacts for APRA-regulated funds

    • There may be an increase in spouse contributions.
    • You may get more enquiries about this topic, particularly about the rebate amount for spouse incomes between $37,000 and $40,000.
    Last modified: 25 Sep 2017QC 51305