Rules for Spouse Super Contribution

Hi,

Is this possible:

Scenario: Husband A is 65 (about to turn 66 and retire) has $100,000 super balance. Wife B is 62 (still working until 65) and also has balance of $100,000 super.

Could Husband A, either before or after retirement make a non-concessional super contribution to his spouse for the full amount of his super i.e. $100,000?

Non-concessional cap is $150,000 pa or $450,000 over three years under the 'bring forward' rule so this ain't a problem.

Reason: Husband A's superannuation will count as asset under assets Test.

Is there any limitation on the spousal contribution being from existing superannuation funds?

cheers

Tim

 

You cannot usually transfer a super balance inter vivos to another except under a court order.

Is that what you were asking ?

Cheers,

Rob

 

Your welcome, I hope I pass

 

do you pass, well. I since read that rolling your super over into your spouses is not possible. If he has already retired would this not be considered a roll over?

 

Hi Tim,

As Rob said, you can't rollover to different members accounts.
Withdraw to a bank account then contribute from the bank account.

Cheers,

Dan

 

Rob no, that's not what I was asking.

So I guess he could take the money as a lump sum right and then immediately make the contribution to his wife?

 

Asx Broker, i re read your post and I think you've answered that question about lump sums. Thanks.