SPOUSE SUPER

You can open a Marketlink account on behalf of your spouse and they can take advantage of Local Super’s 6 investment options and optional insurance cover.

 

There are no entry costs or fees to open a Marketlink account.

 

The Marketlink account can accept employer and personal contributions (including salary sacrifice) as well as rollovers.

 

There are also tax advantages to making spouse contributions. If your spouse is not earning an income or earning up to $13,800 p.a. (including reportable fringe benefits), then contributing to their account via spouse contributions means you may be eligible for a tax offset.

 

How does the Spouse tax offset work?

Where your spouse earns up to $13,800 p.a. in total assessable income (including reportable fringe benefits), contributions up to $3,000 will attract an 18% tax offset. The maximum value of this tax offset is $540.

 

Even if you don’t qualify for the spouse tax offset your spouse can still join Local Super.

 

Simply follow the steps below:

 

• Read the Marketlink PDS  (including Membership Application)
• Ensure you understand all the options  
• Consider the personal contributions you wish to make
• Consider the best investment option(s) for you
• Review your insurance cover requirements
• Consider who to nominate as your beneficiary
• Complete and return your Membership Application form.

 For more information or assistance, please feel free to contact our Member Services Team.