Splitting super with your spouse can be a great way to manage your super balances. Each year you are able to split up to 85% of your super contributions with your spouse.

Here are some ways it can be useful:

1. Topping up low super balances: if one spouse has a much higher balance than the other, then you may choose to split super contributions from a spouse making regular contributions. 
2. Consolidating super: in cases where one spouse has no super, it may be worth directing the contributions to the other spouse making it easy to manage a single superannuation account.
3. Parental leave: the super account of the partner on parental leave could continue to grow due to the working partner splitting some or all of their superannuation contributions to that spouse.

Read more on this option and download the form here.

Disclaimer: This information is general in nature, and you should examine your situation carefully as the legislation or further information becomes available. So, before acting on this or any other information, it is important to seek professional advice related directly to you and your circumstances.  Should you require our assistance, contact your Primarius Team leader, or email us at info@primarius.net.au