Posted in Superannuation
A favorable allowance announced in the 2018 Budget was the much talked about Downsizer Contribution. From 1 July 2018 if you are 65 years or older and meet all the eligibility requirements you can choose to contribute up to $300,000 into super. That’s potentially up to $600,000 for a couple. What’s better is this downsizer contribution falls outside the scope of certain caps and restrictions currently in place – it is not a non-concessional...