More Opportunities to Increase Your Super!

  1. Home
  2. /
  3. Featured
  4. /
  5. More Opportunities to Increase Your Super!

Hello Chasers,

In another recent legislative change, the eligibility age to make a downsizer contribution into superannuation has been reduced to 55 from 1 January 2023.

This further reduces the downsizer eligibility age, which changed from 65 to 60 on 1 July 2022.

From 1 January 2023, eligible individuals aged 55 years or older can choose to make a downsized contribution into their super fund of up to $300,000 per person ($600,000 per couple) from the proceeds of selling their home that has been held for at least 10 years and qualifies for at least a partial main residence exemption.

Click here to read more …

Read more of our daily blogs in our Chasing the Dream Facebook Community

Share This

Related Posts

Featured
4 Min Read

Happy Friday Chasers!

The last day of the quarter so makes the most of it so your 90-Day Action Plan has most if not all of the goals you set in January, ticked off. Have a great day! Read…
Read Full Article
Featured
4 Min Read

Is Love Really in the Air?

Hello Chasers, I have been receiving text messages and emails from unknown people from overseas and see that they are ‘phishing’ attempts to strike up a conversation/relationship as part of a scammer’s toolkit. Scammers typically gain…
Read Full Article