Contribution splitting is where you transfer some of the eligible contributions you’ve made to your super to your spouse’s account. It could be a great way to help your partner boost their super. Having two super accounts may also be more tax effective than one large account – why not talk to a QInvest financial adviser if you want to find out whether you and your spouse could benefit in this way.

To make the transfer your spouse will need a QSuper Accumulation account, so if they don’t have a QSuper Accumulation account they can head to the website and apply via the join button. They’ll need to read the product disclosure statement to find out more, including what insurance cover they may receive.

Only before tax contributions (also known as concessional contributions) made to a QSuper Accumulation account can be split. These are contributions you’ve made to your account via salary sacrifice, contributions you’ve received from your employer, and, if you’re self-employed, contributions you’ve claimed a tax deduction for.

The maximum you can transfer is the lesser of 85 per cent of these contributions to your partner’s account (15 percent of any concessional contributions made to your account is deducted as contributions tax) and the concessional contribution cap for that financial year.

The following contributions cannot be split:

  • money you’ve rolled over from another super fund
  • small business capital gains tax (CGT) exempt amounts
  • contributions subject to family law conditions
  • long service and annual leave paid out to you when your employment is terminated
  • your contributions and employer contributions made to a Defined Benefit account
  • 3% award contributions paid to your Accumulation account if you have a State or Police account.

The first thing to remember is that you can only transfer your contribution to your spouse if they meet the definition under Australian legislation. The definition of spouse is: “another person (whether of the same sex or a different sex) with whom the person is in a relationship that is registered under a law of a state or territory, or another person who, although not legally married to the person, lives with the person on a genuine domestic basis in a relationship as a couple.”

The contributions you transfer to your spouse will still be counted towards your contributions cap.

You spouse must be under age 65, or if they’re between their preservation age (the age they can access their super) and 65, they can’t be permanently retired from the workforce or left employment after the age of 60.

You simply need to complete the Contribution Splitting form. Just be aware that you can generally only split contributions made in the previous financial year, and you can only split contributions once in a financial year.