Contribution Splitting – Timing of the Request

The contribution splitting from one member to their spouse can (subject to one exception) only occur in the financial year immediately following the contribution year.

Consequently it is not possible to split contributions (assuming that all the other factors have been satisfied) in 2010/11 financial year which have been made in, say, 2007/08 or in 2008/09.

Contributions which are eligible to be split and which are made during the 2009/10 financial year can only be split by lodging the appropriate paperwork with the trustee in 2010/11.

Contributions (again assuming that the other factors have been satisfied) can only be split in the financial year in which they are made if the member’s entire benefit is rolled out/cashed out of the fund and the application for splitting is made before the rollover/cashing is effected.  The relevant SIS Regulation is 6.44.