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Spouse Super

You can open a Spouse 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 Spouse account. An initial contribution of $100 is all that’s needed to establish the account and this forms the opening balance of the account.

The Spouse account can accept employer and personal contributions (including salary sacrifice) as well as rollovers. Local Super may be your spouse's only superannuation fund!

There are also tax advantages to making Spouse contributions. If your spouse is not earning an income or earning up to $13,800 (including reportable fringe benefits), then contributing to their superannuation 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 you can still open a Spouse account.

It’s simple to open a Spouse account, simply complete the Application form and forward this with a completed Making contributions to Local Super form and include the initial contribution of $100 payable to Local Super.