Work as a team.
You’ve planned out your life in your head. You’ve both got individual goals. And you’ve got things you’d like to do as a couple. One of those is to build a secure financial future together. Super is a big part of that plan, which is why if your partner is a low income earner, you can help build their super.
Get a tax break
Your partner can also make after-tax payments into your super account. If your income is less than $40,000, they can contribute up to $3,000 a year into your super and receive a spouse contribution tax offset. Your partner can contribute more than $3,000 but they won’t receive the tax offset on anything above $3,000.
Your income must be $37,000 or less to receive the full tax offset of $540, but you might still be able to receive a partial tax offset if you earn up to $40,000.
Remember to consider your debt levels and financial commitments before making extra contributions to you or your loved one’s super.