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A positive pension change with a cash rate twist
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NALI, LRBA measures pass Parliament
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Choosing your investment strategy
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Australia by the numbers - September 2019
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ATO opens applications for SG exemption
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SMSFs attract younger members
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Heed restrictions on downsizer contributions
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Access to more resources and tools than most websites.
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SMSF advice appetite strong, says ASIC
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For a smoother path to investment success, diversify
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LRBA changes mostly affect Melbourne, Sydney retirees
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Lessons from the 2019 Index Chart
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The global economy at midyear: How our views have changed
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The biggest global corporations since 1998
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‘Retrospective’ LRBA measures tipped to cause headaches
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Downsizer Super Contribution
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Keep track of how Australia is really ticking over.
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Insights from the 2019 Vanguard / Investment Trends SMSF survey
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What falling interest rates mean for investors
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ATO releases ‘welcome guidance’ on death benefit income streams
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Super growth reducing age pension drawdown
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Big four firm outlines new financial year checklist for SMSFs
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Asset allocation as you age
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Australia - the story goes on.
Article archive
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Quarter 3 July - September 2019
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Quarter 2 April - June 2019
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Quarter 1 January - March 2019
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Quarter 4 October - December 2018
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Quarter 3 July - September 2018
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Quarter 2 April - June 2018
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Quarter 1 January - March 2018
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Quarter 4 October - December 2017
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Quarter 3 July - September 2017
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Quarter 2 April - June 2017
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Quarter 1 January - March 2017
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Quarter 4 October - December 2016
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Quarter 3 July - September 2016
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Quarter 2 April - June 2016
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Quarter 1 January - March 2016
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Quarter 4 October - December 2015
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Quarter 3 July - September 2015
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Quarter 2 April - June 2015
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Quarter 1 January - March 2015
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Quarter 4 October - December 2014
Downsizer Super Contribution

Australians who are 65 years old or older may make a downsizer contribution into their superannuation of up to $300,000 from the proceeds of seeling their home.

       
 
The downsizer contribution can still be made even if the contributor has a total superannuation balance (TSB) greater than $1.6 million.
 
A few points are:-
 
  • will not affect the TSB until 30 June at the end of the financial year
  • can only be made for the sale of one home
  • not tax deductible and will be taken into account in determining eligibility of the Age Pension
  • there is no requirement to purchase another home 
  • must have held an ownership interest in the home for 10 years 
  • limited to the lesser of $300,000, or the total capital proceeds received from the sale of the interest in the home
  • can be both owners (i.e. $300,000 each)
  • within 90 days of the change of ownership.
 
Early planning will ensure you don’t miss the boat.
 
 
 
 
 
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