14 Feb Upsize your retirement income with downsizer contributions
You might be eligible to make additional contributions to super up to $300,000 per person from the proceeds of the sale of your home.
The newly legislated ‘downsizer contribution’ rules, remove some of the barriers that prevent you being able to contribute extra money to super at the age of 65 or over.
Could you benefit from downsizer contributions?
If you’re thinking about selling your home, or former home after 1 July 2018 and have owned it for at least ten years, we can help you decide whether making downsizer super contributions is a suitable strategy for you and assess other options.
Keep in mind you need to make your downsizer contribution within 90 days of receiving the proceeds of sale to be eligible.