Making a spouse contribution

You may be eligible for a tax offset for a contribution made on behalf of your spouse if:

• Your spouse (receiving the contribution) is under the age of 75
• You and your spouses are Australian residents
• A contribution of at least $3,000 needs to be contributed into the spouse’s account in order to qualify for the full amount of the tax offset (i.e. $540)
• The annual income¹ of your spouse (receiving this contribution) is less than $40,000

You may be eligible for a tax offset of up to $540.

To read more about this type of contribution refer to the ATO website.

⁽¹⁾_{Broadly, annual income for these purposes is calculated as the sum of the spouse’s assessable income, total reportable fringe benefit amounts and total reportable employer super contributions.}

What you need to know

Any advice on this website is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), and is general advice and does not take into account your objectives, financial situation or needs. Before acting on this advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs, as well as the relevant product disclosure statement and/or policy document, available from Resolution Life at resolutionlife.com.au or by calling 133 731, before making a decision on whether to acquire, or continue to hold, the product.

The Target Market Determinations (TMDs) for our financial products (where applicable) can be found at Target Market Determinations (TMDs). The TMDs describe the key features and attributes of an applicable product that affect whether it is likely to be consistent with the objectives, financial situation and needs of consumers in the target market.

Resolution Life is part of the Resolution Life Group and can be contacted via contact us or by calling the phone number mentioned above.