In Superannuation, the Downsizer contribution strategy is ideal for retirees over 65 seeking to convert their property into additional capital inside their superannuation.
4. Eligibility
Criteria
● Must be 65 years or older
● Must have owned your
home for at least 10 years
● Home must be in Australia
and not a mobile home,
caravan or houseboat
● The property must be sold
after 1 July 2018
5. Benefits
● Opportunity to boost
retirement savings
● No impact on your
total super balance
● May reduce the need
to rely on the Age
Pension
6. Considerations
● Seek financial advice before making any contributions
● Tax implications may apply
● Contribution may affect Centrelink entitlements
7. Conclusions
● Downsizer contributions can be a valuable option for
those looking to boost their retirement savings.
● Eligibility criteria, contribution limits, and potential
considerations should be taken into account before
making any decisions.
8. Want to know more?
Awareness
Did you know this is available to you?
01
Consideration
Could this be a potential option worth considering?
02
Review
How could this improve your lifestyle plans for retirement?
03
9. Can I help?
hello@martinlongden.com.au | +61 431 970 594 | www.martinlongden.com.au
Please keep this slide for attribution
linkedin.com/in/martinjlongden