CaptainR Posted May 21, 2018 Share Posted May 21, 2018 I am building a healthy superannuation whilst my wife doesn't work so has no superannuation. My company contributes circa $36,000 per annum to my super, a significant amount over the $25000 cap. If I was to split that $11,000 over the cap to my wife's superannuation fund would we able to have that taxed at the lower 15% rate? Or am I understanding the benefits of superannuation splitting incorrectly? Quote Link to comment Share on other sites More sharing options...
Andrew from Vista Financial Posted May 22, 2018 Share Posted May 22, 2018 Hello CaptainR If the idea of spouse splitting is to try and avoid the Div 293 consequences: https://www.ato.gov.au/Individuals/Super/In-detail/Withdrawing-and-paying-tax/Division-293-tax---information-for-individuals/ and the Concessional Contribution cap breach consequence https://www.ato.gov.au/Individuals/Super/In-detail/Withdrawing-and-paying-tax/Super-contributions---too-much-can-mean-extra-tax/?page=2#If_you_exceed_the_concessional_contributions_cap. Then I'm afraid in a nutshell no it will not have this effect. Regards Andy Quote Link to comment Share on other sites More sharing options...
CaptainR Posted May 22, 2018 Author Share Posted May 22, 2018 Thanks Andrew. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.