Call (07) 4151 8898  Call (07) 4151 8898 

ATO guidance regarding ‘downsizer contributions’

The ability to make ‘downsizer contributions’ effectively commenced on 1 July 2018, prompting the ATO to release further guidance with respect to this new superannuation contribution classification.

This new measure will be of most assistance for individuals approaching retirement, where they dispose of their family home in an effort to ‘downsize’ and they want to contribute part or all of the proceeds to superannuation.

Basically, these measures allow older Australians to make a downsizer contribution where:

The Money Edge | Bundaberg

Recent Posts

VIEW ALL VIEW ALL

Subscribe to keep informed!

Sign up for The Money Edge's Money Tips!

First Name


Email Address

The Money Edge respects your privacy. If you do not wish to receive any further mail from us, please feel free to contact us on the below contact details . For more information about The Money Edge's privacy policy, please refer to our Privacy Policy