New data has revealed the downsizer hotspots to keep an eye on across Australia as pensioners are encouraged to free up their big homes. A Bill has been introduced to federal parliament which would ...
It’s worth paying attention to new opportunities to get more into super after the lowering of the minimum age for downsizer contributions to 55. Downsizer super contributions are one-off contributions ...
Given the number of changes that have occurred within the superannuation system over recent years, it’s important not to overlook the positive initiatives that have arisen and may benefit individuals.
Eligibility to the downsizer program where investors can put the proceeds of a large family home into super tax free have been lowered — and you don’t even need to buy another property. Since July 1, ...
From 1 July 2018, clients aged 65 or over are able to make downsizer contributions using the proceeds from the sale of their former home. A key advantage of this strategy is that it provides retiree ...
A recent legal decision highlighted the risks involved for anyone using the downsizer scheme and not reinvesting the proceeds from selling a family home in their super. The trend has been accelerated ...
An outstanding advantage of the scheme is that money raised by a home sale can be put into superannuation regardless of most rules or “caps”. But for those who have downsized under the scheme – or ...
A Bill has been introduced to federal parliament which would give age pension recipients an extra year before the proceeds from the sale of their homes affect their pension payments. Labor said the ...