Blog posts tagged as 'Downsizers'
Hidden Gems Blog
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Downsizer contribution rules: how selling your home can boost your super
A downsizer contribution lets Australians aged 55 and over put up to $300,000 from the sale of their home into superannuation, or $600,000 for a couple. It sits outside the usual contribution caps. You must have owned the home for 10 years and contribute within 90 days of settlement.