Posts tagged as 'Downsizers'
Hidden Gems Blog
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Downsizer contribution to super, how selling your home can boost your retirement
If you're thinking about selling your family home and moving somewhere smaller, there's a significant financial incentive you should know about: the downsizer contribution to super. In simple terms, it lets Australians aged 55 and over contribute up to $300,000 from the sale of their home directly into their superannuation, and it doesn't count toward your usual contribution caps. For couples, that's up to $600,000 between you.