UPSIZE YOUR SUPER WITH DOWNSIZER CONTRIBUTIONS
July 27th, 2018 Posted by admin B&W Additions News, Financial Planning, Individuals, News, Superannuation, Superannuation Update No Comment yetPeople 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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