The spouse superannuation tax offset allows a contributing spouse to claim an 18% offset worth up to $540 for contributions made to an eligible spouse’s superannuation account.
Introduced nearly 20 years ago, until 30 June 2017, the income threshold of an eligible spouse was $10,800 (phasing out at $13,800), and that threshold had not changed over that long period. Since 1 July 2017, the income threshold for the spouse superannuation tax offset has increase from $10,800 to $37,000, and then phases out at $40,000 (previously phased out at $13,800).
This significant change means that since1 July 2017, the income threshold for the eligible spouse will lift to $37,000 and phase out at $40,000. This measure will only cost $10 million over 4 years. For an explanation of how the spouse superannuation tax offset works see SuperGuide articles Contributing to your spouse’s super account and Boost your spouse’s retirement kitty: 10 things you need to know.