A person making a spouse contribution for their partner may be able to claim a tax offset of up to $540 for the contribution in their annual tax return, depending on their spouse’s income and the amount of the contribution.
The tax offset amount is calculated at 18% of the contribution amount, up to a maximum contribution amount of $3,000 p.a.
To be eligible for a full tax offset, the spouse receiving the contribution must have a taxable income of less than $37,000 p.a. To be eligible for a partial offset, they must earn less than $40,000 p.a. No offset will be payable if they earn more than $40,000 p.a.
This is the maximum tax offset amount for a spouse contribution of $3,000: