super splitting

Could your partner split some of their super contributions into your account? It's a great way to boost your super if you don't work, are on a low income or nearing retirement.

How does it work?

When you 'split' super contributions, money is transferred from your partner's super account into your account. Or vice versa.

To do this, your partner would need to contact their super fund to check that they also offer this service.

Splitting has some pros and cons to consider and HESTA does have a contribution splitting fee, so it’s best to consult a HESTA Super Adviser before you proceed.

 

Do we have to be married?

No. Contribution splitting is available to people in same or opposite sex de facto relationships. 

 

How much super can we split?

There are limits on how much super your partner can split into your account.

The current limit is the lower of:

  • 85% of your pre-tax or concessional contributions for the financial year
  • the concessional contributions cap for the financial year.

You can’t split:

  • after-tax contributions
  • government co-contributions
  • super that you've rolled into your account
  • spouse contributions
  • a contribution that has already been split (you can only do it once)

 

Are there age restrictions?

Yes. The person receiving the split super must be either:

  • under preservation age

OR

  • between preservation age and 65 (and not yet retired)

 

Why would you do it?

Contribution splitting can boost the super of a person who has a low income, or less super than their partner.

It can also be useful if one partner is close to preservation age. Since that person can access their super soon, it might help to contribute more super to their account through splitting.

For more details, visit ato.gov.au/super or contact us.