Spouse contribution splitting

Spouse contribution splitting
Timeframe for application	Application must be lodged with fund within the financial year after the financial year in which the contributions were made, or in the financial year of contributions if member’s entire benefit is being rolled over or withdrawn
Maximum splittable amount	Lesser of: 85% of member’s CCs the individual’s CC cap for the year, and the taxable component of the member’s interest.
Tax treatment	Treated as a rollover into the spouse’s account Does not count towards either CC cap or NCC cap of receiving spouse 100% taxable component.
Receiving spouse conditions	Receiving spouse must not be: age 65 years or more, or age between preservation age and 65 and ’retired’ (see retirement condition of release on page 54).
Permitted frequency	Only one contribution split can be made per financial year

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