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Downsizing Contributions into Superannuation

Downsizing Contributions into Superannuation

From 1 July 2018, people who exchange a contract for sale of their main residence and are 65 years old or older may be eligible to make a downsizer contribution into their superannuation of up to $300,000 from the proceeds of selling their home.

Please contact McFillin & Partners if you would like to discuss your eligibility requirements.  Alternatively, visit www.ato.gov.au/Individuals/Super/Super-housing-measures/Downsizing-contributions-into-superannuation/