WebDec 8, 2024 · A. A. With the downsizer eligibility age dropping and contribution opportunities opening up, it is critical to consider how the timing of contributions may impact clients. From 1 July 2024, the eligibility age for making downsizer contributions will drop from 65 to age 60. The Coalition has also recently announced plans to further … WebFeb 17, 2024 · Recent changes to contributions rules strategy By Daniel Butler 17 February 2024 — 4 minute read A A A It is important advisers consider the changes to the contribution rules in their advice and planning for clients and ensure their documents and templates reflect the latest rules.
Contributions timing ‘more important than ever’ with new changes
WebUnder the downsizer rules, you are allowed to contribute up to $300,000 ($600,000 for a couple) from the sale proceeds of your eligible family home. The contribution limit is the lesser of $300,000 and the gross actual … WebMar 10, 2024 · Downsizer contribution is an initiative that allows each individual to contribute $300,000 to their superannuation account, if it comes from the proceeds of a … melania trump christmas white house 2019
How federal budget superannuation changes could increase your …
WebMay 11, 2024 · The downsizer contribution allows people to make a one-off, post-tax contribution to their superannuation of up to $300,000 per person from the proceeds of selling their home. ... Another expected benefit is that the changes will help Australians to retire early. In separate media coverage this week, it was claimed the change could … WebSep 15, 2024 · But crucially, if you’ve already hit your $1.7 million limit, you can still make the downsizer contribution – potentially boosting your tax-free retirement nest egg to … WebComplete and print the ATO’s downsizer contribution into superannuation form. 2. Attach your cheque. Make a cheque payable to GESB for your downsizer contribution amount. Please note: we only accept downsizer contributions by cheque. 3. Mail it to us. Mail your form and cheque to: GESB, PO Box J755, Perth WA 6842. melania trump christmas white house pictures