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Question

What is contribution splitting?

Answer

Each financial year you can apply to make a single lump sum split of your previous years concessional contributions, in favour of your spouse.

Generally a member may split up to 85% of employer and salary sacrifice contributions with their spouse.

Only one application (which is irrevocable) to split contributions can be made in a financial year.

The application can state either to transfer the split amount to your spouses account in First State Super or to another superannuation fund. The exit fee to transfer amounts to another superannuation fund is $36.

The member should lodge their application:

• during the financial year following the end of the financial year in which the contributions were made; or


• during the financial year the contributions were made, if before the end of that financial year their entire benefit is




• to be rolled over


• transferred, or


• received as a lump sum.

*For further information see the Member Booklet Product Disclosure Statement or click here for the form.

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