Pair up to grow your super

As a couple, you have undoubtedly planned for a long life together. But have you considered making joint retirement plans? Whether you're married or in a de facto relationship, GESB can help couples plan for retirement, including retirement income. By making Spouse Contributions, GESB account holders are able to grow investments.

How do spouse contributions work?

Spouse contributions allow you to grow your joint savings for retirement. In addition, spouse contributions can offer tax benefits. If your spouse has an annual income of less than $10,800, the first $3,000 of Partner Contributions entitles you to an 18% tax rebate (up to a maximum of $540 per year). Your spouse can earn up to $13,800 per year for you to receive a partial rebate. If your spouse earns more than this no rebate can be claimed. Under Commonwealth Legislation, this tax rebate will apply to same sex couples from 1 July 2009.

Enjoy the benefits of spouse contributions

Spouse contributions are treated as non-concessional contributions, which means that they are not subject to contributions tax and are also tax-free when the funds are accessed. However, spouse contributions do not qualify for the Government Super Co-contribution payment.

If your partner does not have a GESB account, a GESB Super account will automatically be opened. This will allow them to access a range of member benefits including the opportunity to take advantage of our competitive retirement options.

Please note that the receiving spouse must satisfy the work test if 65 or over and be under the age of 70 years in order to receive a spouse contribution.

For more information on the benefits of spouse contributions, please download our Spouse Contributions brochure.

GESB Super and West State Super account holders can also take advantage of contribution splitting. To find out more, download the Contribution Splitting fact sheet.