Super related tax offsets
There are two super-related tax offsets for which you may be eligible:
Australian super income stream tax offset
If you receive income from an Australian super income stream, you may be entitled to a tax offset equal to:
- 15% of the taxed element, or
- 10% of the untaxed element.
The tax offset amount available to you will be shown on your payment summary.
You're not entitled to a tax offset for the taxed element of any super income stream you receive before you reach your preservation age unless the super income stream is either a:
- disability super benefit, or
- death benefit income stream.
You're not entitled to a tax offset for the untaxed element of any super income stream you receive before you turn 60 years old unless:
- the super income stream is a death benefit income stream; and
- the deceased died after they turned 60 years old.
Tax offset for super contributions on behalf of your spouse
If you make contributions to a complying superannuation fund or a retirement savings account (RSA) on behalf of your spouse (married or de facto) who is earning a low income or not working, you may be able to claim a tax offset.
You will be entitled to a tax offset of up to $540 per year if you meet all of the following conditions:
- the sum of your spouse's assessable income, total reportable fringe benefits amounts and reportable employer super contributions was less than $13,800
- the contributions were not deductible to you
- the contributions were made to a super fund that was a complying super fund for the income year in which you made the contribution
- both you and your spouse were Australian residents when the contributions were made
- when making the contributions you and your spouse were not living separately and apart on a permanent basis.
The tax offset for eligible spouse contributions can't be claimed for super contributions that you made to your own fund, then split to your spouse. That is called a rollover or transfer, not a contribution.
There are two super-related tax offsets. These relate to your super income stream and spouse super contributions.