Continuing with the June theme of year end tax saving tips, some of you might like to consider making a super contribution into your spouse’s super account.
If your spouse has income of less than $10,800 in the 2015 year, you can receive an 18% rebate on contributions made into their account. The maximum contribution is $3,000, giving a maximum rebate of $540.
If your spouses’ income is over $13,800 you won’t get any rebate, with tapering of the rebate between an income of $10,800 and $13,800.
To find out more about how this works and the conditions required click here
Any questions, give me a call
Lindsay 0413 952180