1 Master Your Super
2 Steps
- Consider contributing to your partner’s super account. This can provide a handy boost to your combined retirement savings pool.
An extra bonus with this strategy is you may earn yourself a tax offset of up to $540 you can claim against your tax bill.
- Consider splitting your concessional (before-tax) super contributions and transferring some to your spouse's account. Perhaps your spouse has a low balance and you would like to even things up, and maximise your access to two transfer balance caps at retirement. Transferring contributions to a younger spouse could improve the Age Pension of the older partner, or transferring contributions to an older spouse could mean they can be accessed sooner.