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Downsizer super contributions
Downsizer super contributions
If you’re 55 years or older and have recently sold (or partially sold) your home, you could be eligible to contribute up to $300,000 from the sale proceeds into your superannuation fund!
Linked below is all the downsizer super contributions data that you’ll need.
Why Consider Downsizer Contributions?
- Boost Your Super: This contribution doesn’t count towards your non-concessional cap, helping you boost your retirement savings.
- Flexible Timing: Contributions will be reflected in your super balance as of 30 June each year.
Important Notes:
- The data for the 2023–24 financial year is still being finalized, but the info provided is accurate as of 7 August 2024.
- Contributions must be reported based on the date they are received by the super fund, which might differ from the reporting year.
Want to explore how downsizer contributions could benefit you? Contact us today to get personalized advice and ensure you’re making the most of your retirement savings!
