Spouse contributions splitting

From January 2006, members of accumulation super funds can split their contributions with their spouses. The attraction of spouse contributions splitting has been reduced with the abolition of reasonable benefit limits (RBLs) from July 2007. (RBLs were the maximum concessionally-taxed amount that a fund member could receive from super upon retirement. Their removal means there is no longer a limit on such payouts.) However, spouse contributions splitting have retains attractions including ensuring that some superannuation savings are in the name of an older spouse who will have tax-free access to them upon reaching 60.
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