To boost your joint retirement savings with your spouse, why not consider the benefits a Goldman Sachs & JBWere Superannuation Fund spouse account can offer? If you are an employee member of the Fund, your spouse is eligible to open a spouse account into which they can make before- and after-tax contributions. However, spouse accounts cannot accept any employer contributions.


If your spouse earns less than $40,000 a year, you may qualify for a tax offset of up to $540 for contributions of up to $3,000 that you make to super on their behalf in a financial year. This may be particularly helpful for a spouse who is not working, working part-time or has taken a career break.


If your spouse is a low-income earner or isn’t working, the Government’s super co-contributions is a way to boost super savings. If their income is at or below the threshold of $58,445 for the 2023/24 financial year and $60,400 for the 2024/25 financial year, they may qualify for a super co-contribution when they make post-tax contributions to super. If their income is $43,445 or less in the 2023/24 financial year and $45.400 or less for the 2024/25 financial year, they will receive 50 cents for every dollar contributed up to the $500 maximum. Co-contributions reduce as income increases, ceasing when upper income threshold is reached. If eligible, the co-contribution is paid automatically into your spouse’s Fund account once their tax return has been assessed for the relevant financial year.


Concessional contributions (up to 85% of employer and salary sacrifice contributions) from last financial year can be split with your spouse in this financial year. Contribution splitting can be a useful way to boost your spouse’s super if they aren’t working or are looking to retire or to maximise your combined super savings. To split contributions, complete a Contributions splitting application form, available from the Fund website. Seeking advice from a licensed financial adviser before making and changes to your contributions is recommended.  


For details about membership in the Spouse Division, making or splitting contributions or super co-contributions, read the Features Guide. If your spouse wants to become an Eligible Spouse Division Member, please complete and return the Application for membership form.

For assistance, call the Goldman Sachs & JBWere Superannuation Fund Helpline on 1800 025 026.  

The information contained on this website is not updated in real time, so figures may be subject to change from time to time. This content is current as at March 2024.
BEST Superannuation Pty Ltd ABN 57 070 732 008, AFS Licence No. 530672, RSE Licence No. L0001939 is the trustee of the Goldman Sachs & JBWere Superannuation Fund ABN 55 697 537 183, RSE registration #R1005271. You should consider the Product Disclosure Statements for the Fund (available here) and the Target Market Determinations (available here) before making any decisions in relation to this product.