Partnerships are about supporting each other. If your super balance — or your partner’s — needs a boost, there are 2 ways you can help each other out.
Calculate your super estimate
If you’re thinking about your retirement, an estimate of your retirement super balance is a good place to start your planning. Calculating your super estimate is easy with the right knowledge and tools.
1 For the purpose of spouse contributions or splitting contributions, ‘partner’ here means your spouse, defined as a person (of any sex):
- you are legally married to
- you are in a relationship with that is registered under certain state or territory laws or
- who lives with you on a genuine domestic basis in a relationship as a couple (known as a de facto spouse).
The definition does not include someone you are legally married to but who lives ‘separately and apart’ on a permanent basis.
2 Your total super balance is generally the total value of your super interests in both accumulation phase and retirement phase at the end of the previous financial year, noting that:
- for accumulation phase, this is generally the withdrawal value at 30 June
- for the retirement phase, this is the balance of your personal transfer balance cap which is managed by the ATO.
You can view your total superannuation balance through the ATO via myGov