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Downsizer contributions

How does it work?

If you’re aged 65 or more and sell a property that has been your main residence for 10 or more years, you may be able to contribute some of the proceeds to your super account¹.

May be suitable if…

You want to sell your home and use the money to boost your retirement savings.

What are the benefits?

Case study

Important things to consider

  • Downsizer contributions aren’t tax deductible.
  • The contract for sale must be entered into on or after 1 July 2018.
  • The contributions must be made within 90 days of settling on the property sale.
  • The money will count towards your transfer balance cap if used to start a retirement income stream.
  • The money will count towards your total super balance which may affect your ability to make future super contributions.
  • This strategy may reduce Age Pension entitlements.
  • You should take into account any costs associated with selling your home (and buying a new one if you choose to do so).
  • Other eligibility conditions apply – see the Australian Taxation Office (ATO) website for more information.

1. Subject to eligibility criteria.


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General advice and information only

Any advice and information on this website is general only, and has been prepared without taking into account your particular circumstances and needs. Before acting on any advice on this website you should assess or seek advice on whether it is appropriate for your needs, financial situation and investment objectives.

Tax disclaimer

Any general tax information on this website is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we recommend you consult with a registered tax agent.