People aged 65 or over may be eligible to make additional super contributions of up to $300,000 per person from the proceeds of the sale of their home from 1 July 2018. These are known as ‘downsizer contributions’ and they can be made on top of the existing contribution caps, without having to meet certain contribution rules and restrictions.
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“Don’t sail out farther than you can row back.”  This Danish saying is sound advice, and can also apply to anyone thinking of borrowing to buy a home.
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