Superannuation updates FY-22. What’s the latest and how are you affected?
Just when you think you’ve got all the rules and eligibility ages of our superannuation system sorted out, they change again.
Boost Your Superannuation Assets – “Downsizer” Contributions
Since 1 July 2018, an eligible homeowner aged 65 or over can make a tax-free downsizer contribution of up to $300,000, or up to $600,000 per couple, into superannuation from the proceeds of selling a home.