Share your super fund benefits with your loved one
If you are a VISSF member then your spouse may be able to join as a Spouse Member. As an existing VISSF member you will then be able to make contributions on behalf of your spouse.
How does the spouse account work?
Contributions and rollovers are credited to a Spouse Account held in the name of the member spouse within VISSF. Administration fees and tax payable are deducted from the account and the crediting rate applicable to the investment earnings achieved by the member’s chosen investment option is applied to the balance. The spouse benefit is the balance of the Spouse Account.
- A Spouse Member has the same investment choice options as other VISSF members.
- Benefits in other superannuation funds can be transferred to a VISSF Spouse Account.
- Spouse Members may apply for Additional Voluntary Insurance cover.
Spouse contributions – how does it work?
Once an existing VISSF member has made the initial $1,000 contribution, a Spouse Member will be entitled to make contributions to their own Spouse Account.
It may also be possible for the employer of a Spouse Member to become a participating employer and make contributions to VISSF. More information regarding this option can be obtained by calling our Client Services Team.
How is a spouse defined?
Spouse of a person includes:
- Another person (whether of the same sex or a different sex) with whom the person is in a relationship that is registered under a law of a State or Territory prescribed for the purposes of section 22B of the Acts Interpretation Act 1901 as a kind of relationship prescribed for the purposes of that section; and
- Another person who, although not legally married to the person, lives with the person on a genuine domestic basis in a relationship as a couple.
To make contributions for a spouse:
- The spouse must either be under age 65, or if between 65 and 69 have worked at least 40 hours in a period of no more than 30 consecutive days during the financial year in which the time the first contribution is made.
- The member and the spouse must be living together at the time contributions are made.
- Contributions made by a member for a spouse will be treated as non-concessional contributions.
- The initial contribution must be a minimum of $1,000. Thereafter, subject to the contribution caps, there is no limit to the amount of contribution a member can make for their spouse, however the tax offset, if applicable, may not apply to the total contribution.
To find out if your Spouse is eligible to become a VISSF member, simply call our Client Services Team.