split contribution to spouse account (super)

浪淘沙

刚收到super的annual report, 中间提到我可以open an account for spouse, and split my contribution with my spouse (effective from year 2006). 我知道super有规定可以make after tax contribution to super of low income spouse, and get some tax rabate. 但是split my contribution 是什么东东？和contribute to low income spouse in super, and get some tax rabate.是一个意思吗?

leaf2006

Yes, that's what it means, to contribute to the low income spouse and claim a tax rebate for the contribution.

leaf2006

Split contribution is contributing to your spouse and to yourself. There is also a govt co-contribution to people with less than 56k income.

浪淘沙

leaf2006  在 2006-5-7 15:29 发表:

Split contribution is contributing to your spouse and to yourself. There is also a govt co-contribution to people with less than 56k income.

"Split contribution is contributing to your spouse and to yourself", sorry, it confused me. What's split contribution, split what form what? Thanks.

maribel

恩，是有点CONFUSING，不知这里的SPLIT CONTRIBUTION是不是讲将同等本来CONTRIBUTE到你SUPER FUND 账户下的钱劈成两半或其他比例，一处进你账户，一处进你SPOUSE账户

浪淘沙

leaf2006  在 2006-5-7 15:29 发表:

Split contribution is contributing to your spouse and to yourself. There is also a govt co-contribution to people with less than 56k income.

"Split contribution is contributing to your spouse and to yourself", sorry, it confused me. What's split contribution, split what form what? Thanks.

bctransit

例如你现在super account里面有$1000, 届时你可以要求将其中$500转如你配偶的super账户，自己留下$500

江南叶

bctransit  在 2006-5-7 16:56 发表:

例如你现在super account里面有$1000, 届时你可以要求将其中$500转如你配偶的super账户，自己留下$500

转和不转，在税务上有什么不同呢？

bctransit

这个和税务暂时没有什么联系，但很快，super的税率将会有所下调，可能就这一两个礼拜

浪淘沙

bctransit  在 2006-5-7 19:38 发表:

这个和税务暂时没有什么联系，但很快，super的税率将会有所下调，可能就这一两个礼拜

既然没有关系，那为什么要转呢，而且在report上作为一个advantage 来说。还是不明白。

bctransit

浪淘沙  在 2006-5-8 04:38 PM 发表:

既然没有关系，那为什么要转呢，而且在report上作为一个advantage 来说。还是不明白。

能转当然是一个好处,目前contribution splitting对你的收入税率没有影响,但有可能会影响到你将来提取super时要交的税 (you got 2 RBL and 2 tax free threshold)

[ Last edited by bctransit on 2006-5-8 at 05:13 PM ]

bctransit

The tax free threshold is the part of a super benefit that will not be taxed if paid after age 55

A Reasonable Benefit Limit (RBL) is the maximum amount of super a member can receive ove their lifetime at a reduced tax rate. Any super benefits over the RBL are taxed at the individual's highest tax rate

philgu

The maximum you can split for spouse is up to 85% of your current year contribution. Considering 15% contribution tax, it meant 100% of your current year contribution.
It is totally different from government co-contribution and spouse co-contribution. I highly doubt there will be any significant change in super tax this time around in tommorrow's budget. Super tax is already very favorable against any other form of investment. It is the thought of locking it away for decades turning people away.

bctransit

philgu  在 2006-5-8 09:01 PM 发表:

The maximum you can split for spouse is up to 85% of your current year contribution. Considering 15% contribution tax, it meant 100% of your current year contribution.
It is totally different from ...

澳洲是世界少有的几国国家对super征税的了，maximum you can split是
85% of taxed contributions; and
100% of untaxed contributions.

philgu

bctransit  在 2006-5-8 09:42 PM 发表:

澳洲是世界少有的几国国家对super征税的了，maximum you can split是
85% of taxed contributions; and
100% of untaxed contributions.

Everything about the super/pension arrangement is stupidly complex (quite often is overly so). I can't remember how many component there are in ETP now (somewhere close to 10???). If people can't understand it, they rather buy houses (brick and mortar seem to be solid enough!!). The other thing is most of people's super in my view is invested in paper securities (mostly in managed fund). How many times do you see people invest part of their super into gold or other form of assets? Almost none. In the case of war, all forms of securities price can tank easily. Can you guarantee it wouldn't happen during the time when the super can be locked in for decades? My guess is no one can. Remeber when inflation spirals, gold retains its value. (it is only arguably true when the inflation is benign.)